Asked by Krysteena Hudson on Jun 08, 2024

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Which of the following supermarket strategies to increase sales would be most consistent with a behavioral economics (versus neoclassical economics) approach?

A) Distributing online coupons.
B) Providing discounts for buying in bulk.
C) Positioning frequently purchased items at the back of the store.
D) Offering price matching with other stores.

Behavioral Economics Approach

A method of economic analysis that applies psychological insights into human behavior to explain economic decision-making.

Online Coupons

Digital versions of traditional coupons that provide a discount or promotion when purchasing goods or services over the Internet.

Price Matching

A policy by which a retailer promises to match a competitor’s lower price on an identical item to attract or retain customers.

  • Comprehend the tactics enterprises utilize to sway consumer actions and enhance revenue.
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Alyssa MartinezJun 08, 2024
Final Answer :
C
Explanation :
Behavioral economics often focuses on how psychological, cognitive, emotional, cultural, and social factors affect economic decisions. Positioning frequently purchased items at the back of the store leverages a behavioral insight that making customers walk past many other products increases the likelihood of impulse purchases, which is more aligned with behavioral economics than the more rational, calculated approaches suggested by neoclassical economics.