Firm X owns both a grocery store and the parking lot outside the grocery store.In order to increase the traffic at the store the owners of the store should
A)Increase the prices on the goods sold in the store
B)Increase the parking rates
C)All of the above
D)None of the above

Question

​Firm X owns both a grocery store and the parking lot outside the grocery store.In order to increase the traffic at the store the owners of the store should
A)​Increase the prices on the goods sold in the store
B)Increase the parking rates
C)All of the above
D)​None of the above

Quizplus · Accepted Answer

Increasing prices on goods sold in the store or increasing parking rates would likely deter customers from visiting the store. It is better to use strategies such as advertising, promotions, or improving the quality of products or services to attract more customers.

​Firm X Owns Both a Grocery Store and the Parking

Firm X Owns Both a Grocery Store and the Parking