25. Everyday low pricing takes place at
(A) Wholesale level
(B) Retail level
(C) Both a and b
(D) None of the above
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Answer:
wholesale level
Explanation:
because in wholesale it takes discounts
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Everyday low pricing takes place at the wholesale level (option A)
The wholesale level is the level of distribution in the market where bulk buying of goods at a cheaper price is practiced.
- The goods are often stored at a warehouse.
- After the goods are manufactured, they are bought by the businesses at the wholesale level at a very close price to that of the good's original cost of production.
- Later, the wholesale businesses sell these goods to retailers, who then are directly in contact with the final consumers.
- Retailers buy in bulk and pay relatively less comparitively to when they buy fewer products.
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