Question: For this activity you will visit different stores Target and Walmart comparing the price of the same exact product at each store. Be sure to
For this activity you will visit different stores Target and Walmart comparing the price of the same exact product at each store. Be sure to identify the stores, item description, and price for each store. Answer the questions at the end of the activity. Attach as a Word document. Your response should be a minimum of one page, double spaced, font.
To understand the wide variation in pricing of an identical item, you will visit or go online to three different stores and compare prices on similar items.
Select a category of store. Given below are some of the suggestions.
Grocery: large chain store, local chain store, convenience store
Health and beauty aids: grocery store, drugstore, discount store
Overthecounter drugs: chain drugstore, local drugstore, discount store
Clothing: specialty store, department store, discount store
If you choose to investigate clothing stores you could compare the price of Levis jeans for men at the three different types of stores. If you choose health and beauty aids you could compare the price of a certain brand of shampoo same size, weight, and so on at the three stores. Students may come up with other categories and items of interest.
Select several items to compare in his or her category. For example, in the grocery category, a student may want to compare a type of cereal, a canned soup, and a snack item.
After the investigation, what factors do you believe lead to the variations in prices. Is it worthwhile for consumers to compare prices when they shop? How much does price motivate you in making your purchase VS other factors like convenient location or specific brand?
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