Question Description
Many retailers advertise price-matching policies, such as, “In the unlikely event that you find an identical item that you purchased here offered at a lower price in another store, we promise to refund the difference.” Contrary to what might logically be expected, a recent study finds that the presence of such a policy leads to a decrease in consumer searches when search costs are low (e.g., when multiple competitor stores are clustered in a small area), but an increase in consumer searches when search costs are high. These findings can be explained if a store’s price-matching policies __________.Which of the following most logically completes the passage?a)affect consumer search behavior only when information about prices in other stores is unavailableb)encourage consumers to shop around when there are multiple competitor stores nearbyc)force nearby competitor stores to reduce their prices in order to retain a market shared)are taken as credible indicators of low prices at the store when and only when it is easy for consumers to verify theme)lead to significant increases in consumer searches only for high-price purchasesCorrect answer is option 'D'. Can you explain this answer? for GMAT 2024 is part of GMAT preparation. The Question and answers have been prepared according to the GMAT exam syllabus. Information about Many retailers advertise price-matching policies, such as, “In the unlikely event that you find an identical item that you purchased here offered at a lower price in another store, we promise to refund the difference.” Contrary to what might logically be expected, a recent study finds that the presence of such a policy leads to a decrease in consumer searches when search costs are low (e.g., when multiple competitor stores are clustered in a small area), but an increase in consumer searches when search costs are high. These findings can be explained if a store’s price-matching policies __________.Which of the following most logically completes the passage?a)affect consumer search behavior only when information about prices in other stores is unavailableb)encourage consumers to shop around when there are multiple competitor stores nearbyc)force nearby competitor stores to reduce their prices in order to retain a market shared)are taken as credible indicators of low prices at the store when and only when it is easy for consumers to verify theme)lead to significant increases in consumer searches only for high-price purchasesCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for GMAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Many retailers advertise price-matching policies, such as, “In the unlikely event that you find an identical item that you purchased here offered at a lower price in another store, we promise to refund the difference.” Contrary to what might logically be expected, a recent study finds that the presence of such a policy leads to a decrease in consumer searches when search costs are low (e.g., when multiple competitor stores are clustered in a small area), but an increase in consumer searches when search costs are high. These findings can be explained if a store’s price-matching policies __________.Which of the following most logically completes the passage?a)affect consumer search behavior only when information about prices in other stores is unavailableb)encourage consumers to shop around when there are multiple competitor stores nearbyc)force nearby competitor stores to reduce their prices in order to retain a market shared)are taken as credible indicators of low prices at the store when and only when it is easy for consumers to verify theme)lead to significant increases in consumer searches only for high-price purchasesCorrect answer is option 'D'. Can you explain this answer?.

Solutions for Many retailers advertise price-matching policies, such as, “In the unlikely event that you find an identical item that you purchased here offered at a lower price in another store, we promise to refund the difference.” Contrary to what might logically be expected, a recent study finds that the presence of such a policy leads to a decrease in consumer searches when search costs are low (e.g., when multiple competitor stores are clustered in a small area), but an increase in consumer searches when search costs are high. These findings can be explained if a store’s price-matching policies __________.Which of the following most logically completes the passage?a)affect consumer search behavior only when information about prices in other stores is unavailableb)encourage consumers to shop around when there are multiple competitor stores nearbyc)force nearby competitor stores to reduce their prices in order to retain a market shared)are taken as credible indicators of low prices at the store when and only when it is easy for consumers to verify theme)lead to significant increases in consumer searches only for high-price purchasesCorrect answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for GMAT. Download more important topics, notes, lectures and mock test series for GMAT Exam by signing up for free.

Here you can find the meaning of Many retailers advertise price-matching policies, such as, “In the unlikely event that you find an identical item that you purchased here offered at a lower price in another store, we promise to refund the difference.” Contrary to what might logically be expected, a recent study finds that the presence of such a policy leads to a decrease in consumer searches when search costs are low (e.g., when multiple competitor stores are clustered in a small area), but an increase in consumer searches when search costs are high. These findings can be explained if a store’s price-matching policies __________.Which of the following most logically completes the passage?a)affect consumer search behavior only when information about prices in other stores is unavailableb)encourage consumers to shop around when there are multiple competitor stores nearbyc)force nearby competitor stores to reduce their prices in order to retain a market shared)are taken as credible indicators of low prices at the store when and only when it is easy for consumers to verify theme)lead to significant increases in consumer searches only for high-price purchasesCorrect answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Many retailers advertise price-matching policies, such as, “In the unlikely event that you find an identical item that you purchased here offered at a lower price in another store, we promise to refund the difference.” Contrary to what might logically be expected, a recent study finds that the presence of such a policy leads to a decrease in consumer searches when search costs are low (e.g., when multiple competitor stores are clustered in a small area), but an increase in consumer searches when search costs are high. These findings can be explained if a store’s price-matching policies __________.Which of the following most logically completes the passage?a)affect consumer search behavior only when information about prices in other stores is unavailableb)encourage consumers to shop around when there are multiple competitor stores nearbyc)force nearby competitor stores to reduce their prices in order to retain a market shared)are taken as credible indicators of low prices at the store when and only when it is easy for consumers to verify theme)lead to significant increases in consumer searches only for high-price purchasesCorrect answer is option 'D'. Can you explain this answer?, a detailed solution for Many retailers advertise price-matching policies, such as, “In the unlikely event that you find an identical item that you purchased here offered at a lower price in another store, we promise to refund the difference.” Contrary to what might logically be expected, a recent study finds that the presence of such a policy leads to a decrease in consumer searches when search costs are low (e.g., when multiple competitor stores are clustered in a small area), but an increase in consumer searches when search costs are high. These findings can be explained if a store’s price-matching policies __________.Which of the following most logically completes the passage?a)affect consumer search behavior only when information about prices in other stores is unavailableb)encourage consumers to shop around when there are multiple competitor stores nearbyc)force nearby competitor stores to reduce their prices in order to retain a market shared)are taken as credible indicators of low prices at the store when and only when it is easy for consumers to verify theme)lead to significant increases in consumer searches only for high-price purchasesCorrect answer is option 'D'. Can you explain this answer? has been provided alongside types of Many retailers advertise price-matching policies, such as, “In the unlikely event that you find an identical item that you purchased here offered at a lower price in another store, we promise to refund the difference.” Contrary to what might logically be expected, a recent study finds that the presence of such a policy leads to a decrease in consumer searches when search costs are low (e.g., when multiple competitor stores are clustered in a small area), but an increase in consumer searches when search costs are high. These findings can be explained if a store’s price-matching policies __________.Which of the following most logically completes the passage?a)affect consumer search behavior only when information about prices in other stores is unavailableb)encourage consumers to shop around when there are multiple competitor stores nearbyc)force nearby competitor stores to reduce their prices in order to retain a market shared)are taken as credible indicators of low prices at the store when and only when it is easy for consumers to verify theme)lead to significant increases in consumer searches only for high-price purchasesCorrect answer is option 'D'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Many retailers advertise price-matching policies, such as, “In the unlikely event that you find an identical item that you purchased here offered at a lower price in another store, we promise to refund the difference.” Contrary to what might logically be expected, a recent study finds that the presence of such a policy leads to a decrease in consumer searches when search costs are low (e.g., when multiple competitor stores are clustered in a small area), but an increase in consumer searches when search costs are high. These findings can be explained if a store’s price-matching policies __________.Which of the following most logically completes the passage?a)affect consumer search behavior only when information about prices in other stores is unavailableb)encourage consumers to shop around when there are multiple competitor stores nearbyc)force nearby competitor stores to reduce their prices in order to retain a market shared)are taken as credible indicators of low prices at the store when and only when it is easy for consumers to verify theme)lead to significant increases in consumer searches only for high-price purchasesCorrect answer is option 'D'. Can you explain this answer? tests, examples and also practice GMAT tests.