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a retail store that offered its customers stable prices on a daily basis is using a(n) ________strategy.

User Shiv Garg
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Final answer:

The question is about a retail store's pricing strategy, which is called price stability. It encourages customer loyalty through consistent prices.

Step-by-step explanation:

A retail store that offers its customers stable prices on a daily basis is using a price stability strategy.

This approach aligns with the concept of menu costs, which refers to the expenses associated with changing prices, such as the need to update sales materials and potentially causing confusion or dissatisfaction among customers.

Price stability ensures predictability in the cost of goods for consumers, which can build customer loyalty and trust as they can depend on consistent pricing every time they shop.

User Alexey Kureev
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