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| Topic: |
Business
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| Number of pages / Number of words: |
4 / 1092 |
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All the prices were scheduled to return to the baseline price during the fifth and sixth week of the experiment.
There were various measures used to secure the validity of the experiment: The items selected were not advertised during the course of the experiment; employees were not aware of the experiment's purpose; and the items were well stocked to prevent sellouts...
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It considered and adjusted for average environmental and market influences on grocery sales. In addition, it calculated the best pricing strategy as well as the financial risks associated with that strategy. Each week managers were able to evaluate the anticipated losses associated with the pricing strategy...
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