Which of the following statements holds true for an everyday low-pricing (EDLP) strategy?
A. Slow-selling merchandise can be sold by discounting the price.
B. The use of EDLP increases the need for advertising.
C. Customers need to wait for items to go on sale.
D. It allows retailers to charge higher prices to customers who are not price sensitive.
E. EDLP retailers do not have to incur the labor costs of changing price tags.
Answer: E
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