Asked by Aleya Smith on Jul 21, 2024
Verified
Shrinkflation is when manufacturers "shrink" or reduce the price of their products during times of inflation.
Shrinkflation
The process of items shrinking in size or quantity while their prices remain the same or increase.
- Investigate different pricing policies and their impact on the way consumers perceive products and their subsequent demand.
Verified Answer
YW
Yaacov WrightmanJul 25, 2024
Final Answer :
False
Explanation :
Shrinkflation is when manufacturers reduce the size or quantity of their products while keeping prices the same, not when they reduce the price of their products.
Learning Objectives
- Investigate different pricing policies and their impact on the way consumers perceive products and their subsequent demand.