Grocery Stores: Finding The Lowest Prices
One study we did compared Albertsons grocery chain with Smiths grocery
chain. We took a random list of items to compare at each store. Each store
priced their individual products slightly different. For example, peanut
butter may be slightly higher at Albertsons and toilet paper cheaper at
Smiths.
The results were rather surprising. Our statistical analysis showed that
there is absolutely no net price difference betwen these two stores. What
can we conclude from this study.
Conclusion
Stores change pricing on individual items to encourage customers to come
to their store. If a store has a really good sale on hot dogs, then the
bun and ketchup prices may be higher than average. The way to get the
best deals is to track the prices for each item purchased and at what
store. If you are willing to shop at several stores, and track pricing,
you will be able to signifantly save money. Shoppers that think they have
discovered a cheaper store are often misled.
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