Question
Compare pricing of three retail/grocery products to collect prices on a specific product (coffee) To examine the wide variation in pricing of an identical item,
Compare pricing of three retail/grocery products to collect prices on a specific product (coffee) To examine the wide variation in pricing of an identical item, you are asked to compare three different stores/ products and compare prices on similar items.
Give an example such as a student who chooses health and beauty aids could compare the price of a certain brand of shampoo (same size, weight, and so on) at the three different stores. You may come up with other categories and items of interest.
After the investigation, answer the following questions:
Report the product names, the prices, and the stores that you visited.
What factors do you think account for the price variations?
Is it worthwhile for consumers to compare prices when they shop?
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