Instead of everyday low prices (EDLP),supermarkets prefer a __________ approach,which is based on frequent specials where prices are temporarily lowered for a brief period of time and then raised again.

Question

Quizplus · Accepted Answer

The described approach is known as Hi-Lo pricing, where supermarkets prefer frequent specials with temporarily lowered prices followed by an increase in prices. This approach creates a sense of urgency among consumers to take advantage of the deals while they last, ultimately resulting in increased sales for the supermarket.

Instead of Everyday Low Prices (EDLP),supermarkets Prefer a __________ Approach,which