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 description in the question matches the hi-lo pricing strategy, where supermarkets offer frequent promotions and discounts to attract customers, followed by brief periods of higher prices. This approach creates a sense of urgency and encourages customers to buy while the prices are low.

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