Target matches exactly but store prices of walmart

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Reference no: EM132202488

Prices listed on websites of Walmart, Target matches exactly but store prices of Walmart and Target differ. It implies that Walmart store and Walmart website prices differ. Interesting thing is you can buy online and pick it up in store. Explain this phenomenon (why website prices are same and store prices are different) using economic reasoning you have learned. As a smart consumer who knows economics (big assumption in my part) how do you propose to get benefited in day to day life if you understand above phenomenon. Also explain why price matching is a good idea for stores (Bestbuy, Walmart, Target....etc) and why don't they just list their prices as minimum of all competing stores (hence no need to price match).

Reference no: EM132202488

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