Question: The COVID - 1 9 pandemic changed typical retail behavior, with many stores opting to close their physical locations on Black Friday and instead offer
The COVID pandemic changed typical retail behavior, with many stores opting to close their physical locations on Black Friday and instead offer online discounts over a longer period than the traditional single day after Thanksgiving. Even some online retailers such as Amazon jumped in offering deep discounts as early as October and almost certainly eliminating the price discrimination strategy that had been so effective in years prior. Fill in the blanks to complete the statement below about online discounts.
The decision to offer longerterm online discounts shows that retailers felt that consumer demand for their goods had become more
because of uncertainty about the economy, and that by reducing prices they expected to
their total revenue.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
