Asked by Jesus Gonzalez Jauregui on Jun 01, 2024
Verified
Firm X owns both a grocery store and the parking lot outside the grocery store.In order to increase the traffic at the store the owners of the store should
A) Increase the prices on the goods sold in the store
B) Increase the parking rates
C) All of the above
D) None of the above
Grocery Store
A retail establishment that sells food and other household items.
Traffic
The movement of vehicles or people through roads, airways, or any pathway, often used to describe the congestion or flow in transport systems.
- Absorb the principles of pricing within environments constrained by capacity, concentrating on strategies to elevate revenue.
Verified Answer
GS
Gurminder singhJun 01, 2024
Final Answer :
D
Explanation :
Increasing prices on goods sold in the store or increasing parking rates would likely deter customers from visiting the store. It is better to use strategies such as advertising, promotions, or improving the quality of products or services to attract more customers.
Learning Objectives
- Absorb the principles of pricing within environments constrained by capacity, concentrating on strategies to elevate revenue.
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