Question
For this discussion, select a product and choose three different types of retailers for pricing comparisons. Your product can be food, clothing, or other types
For this discussion, select a product and choose three different types of retailers for pricing comparisons. Your product can be food, clothing, or other types of items BUT it must be the same product, item, not a similar one. For example, you might choose a specific brand of shampoo, such as Dove Intense Repair Shampoo, and compare pricing at a large chain drugstore, a local drugstore, a supermarket, a convenience store, a Walmart, or even an online store. Another example, you might choose a specific clothing item like Levi jeans and compare pricing at a specialty store, department store, discount store, online store, etc. Once you have selected your product and researched your three retailers, complete the following: Thoroughly read Chapter 10: Price: What Is the Value Proposition Worth? In addition, be sure to review Identify Strategies and Tactics to Price the Product in section 10.3 of your e-text. Name the product, item you selected. Name the three stores, retailers, and list the prices you found, recorded for your selected product from each retailer. Finally, if there were price differences, what factor(s) do you believe led to the variations in prices? And tell us, is it worthwhile for consumers to compare prices when they shop?
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