Question
What can marketers learn from JC Penney’s attempt to eliminate sales and promotions?
(1 point)
Responses
Coupons are losing popularity in the 21st century.
Coupons are losing popularity in the 21 st century.
Price is the biggest factor when consumers are making purchases.
Price is the biggest factor when consumers are making purchases.
There is a decreasing market for discount clothing retailers.
There is a decreasing market for discount clothing retailers.
Consumers prefer the perception of great deals to overall low prices.
(1 point)
Responses
Coupons are losing popularity in the 21st century.
Coupons are losing popularity in the 21 st century.
Price is the biggest factor when consumers are making purchases.
Price is the biggest factor when consumers are making purchases.
There is a decreasing market for discount clothing retailers.
There is a decreasing market for discount clothing retailers.
Consumers prefer the perception of great deals to overall low prices.
Answers
GPT-4o mini
Consumers prefer the perception of great deals to overall low prices.