Question: What is the main difference between Everyday Low Pricing ( EDLP ) and HighLow Pricing? EDLP charges a constant low price, where high - low
What is the main difference between Everyday Low Pricing EDLP and HighLow Pricing?
EDLP charges a constant low price, where highlow pricing starts pricing high and frequently runs discounts.
Highlow pricing charges a constant low price, where EDLP starts pricing high and frequently runs discounts.
EDLP incentivizes customers to check prices regularly, and highlow pricing does not.
Highlow pricing provides a sense of consistency to the consumer, and EDLP does not.
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
