Question
Which type of retailers involve in comparatively low prices as a major selling point combined with the reduced costs of doing business?
The correct answer is
Discount retailers
Discount retailers compete through relatively low prices supported by low operating costs and margins. This distinguishes the general discount format described here.
Was this answer helpful?
Important Questions from Pricing Strategies
- When does a firm fix skim the creams price for a product?
- A bill is drawn, accepted or endorsed without any consideration is called __________.
- Predatory pricing policy is designed to
- The practice of charging each consumer the reservation price is called
- Limit price refers to the :
Need Expert Advice?
