Term

General Factors That Characterize Discount Retail Strategies

Definition

Economy Pricing & Cost Reduction, Narrow Assortment & Private Label Products, Volume & Tiered Discounts, Loss Leader Pricing, Enhanced Loyalty Programs, Dynamic & Psychological Pricing, Omnichannel Integration, Overstock & Seasonal Clearance, Limited-Time Urgency,

Term

Economy Pricing & Cost Reduction

Definition

Discount retailers keep prices low by: Reducing operational costs Using efficient supply chains Negotiating lower supplier prices Minimizing store design and service costs

Term

Narrow Assortment & Private Label Products

Definition

They also sell private label brands (store brands) which have higher profit margins.