Walmart and Home Depot emphasize consistently low prices and eliminate most markdowns with a retail pricing strategy called
A)low-margin pricing.
B)value-based pricing.
C)everyday low pricing.
D)everyday fair pricing.
E)markdown pricing.

Question

Quizplus · Accepted Answer

Walmart and Home Depot both use a retail pricing strategy called everyday low pricing (ELP). This involves setting prices at a consistent and low level, instead of fluctuating prices with frequent markdowns or sales. ELP aims to build customer loyalty and trust by offering fair and reliable prices throughout the year.

Walmart and Home Depot Emphasize Consistently Low Prices and Eliminate