Two grocery stores are located in the downtown area of a small city. The first offers excellent prices for buying large bulk quantities. The second does not have bulk offers but offers lower prices in single items.
Why would these stores attract a good number of customers?
Customers different types of deals
Customers have different brand loyalties
Customers patronize both stores to maintain competition
Customers do not have the information to choose the best option
Customers may be attracted to the first store for its excellent prices when buying in bulk, which is especially attractive for families or individuals looking to save money on larger quantities of goods. On the other hand, the second store may attract customers who prefer to buy smaller quantities or who are looking for lower prices on individual items.
Additionally, customers may have different brand loyalties or preferences for certain products that are only available at one store or the other. For example, one store may carry a specific brand of organic produce that a customer prefers over the other store's offerings.
Some customers may also choose to patronize both stores in order to maintain competition and support local businesses. By shopping at both stores, customers can ensure that they are getting the best deals and prices available in the downtown area.
Overall, customers may be drawn to these stores for a variety of reasons, including pricing options, product availability, and personal preferences.