i'm currently working on my Master's degree in Business mgt. for my team we are working on a paper thats based on price elasticity.
here's the questions that I came up with.
1- for those who are shopping at lower priced grocery stores, are you really getting your moneys worth?
2- how much is the average family saving by going to the lower priced stores?
3- what can the larger stores do to gain more business/profit? (based on product elasticity/demand)
4- is it easier to gain profit on an item priced lower (with lower quality) or an item higher priced and better quality?
if you can response asap, i would greatly appreciate it! :)
Answer by JeremysMom at 10:55 PM on Jul. 30, 2010
Answer by silversmom at 10:58 PM on Jul. 30, 2010
Answer by rkoloms at 2:21 PM on Aug. 1, 2010
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