Different types of retailers for your pricing comparisons

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Reference no: EM132193244

Select 3 specific items and compare pricing at 3 retailers. Choose 3 different types of retailers for your pricing comparisons.

For example, you might choose a specific brand of shampoo. You could 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’s 501 jeans. You could compare pricing at a specialty store, department store, discount store, online store, etc. Try to pick a range of lower and higher priced items for your examples (electronics, appliances, cereal, aspirin, etc.), just be specific.

1) List your 3 examples.

2) Name the stores and give prices you recorded at these different retailers.

3) What factors do you believe lead to the variations in prices? Is it worthwhile for consumers to compare prices when they shop?

Reference no: EM132193244

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