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Pages:
1 page/β‰ˆ275 words
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Style:
APA
Subject:
Management
Type:
Essay
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 4.32
Topic:

Pricing During the Pandemic: Offline Stores and Price Gouging

Essay Instructions:

Access the “Pricing During the Pandemic” case study in your Harvard Business Coursepack. Read the case carefully and use the provided dataset as necessary.
In your team, use your discussion area to analyze the case and work together to complete a report that will answer the following questions:
What can be the reasons for the price increase in offline retail stores?
From the data provided, can one conclude that there was a differential price response from the online and offline retail spaces to the supply chain shock following the lockdown? Use the data and run appropriate statistical tests to back up your responses.
What led to the divergence in the price response of the offline and the online retail platforms, if nay? Do their objectives differ?
Do you think the offline stores engaged in price gouging? If you were part of the panel, what would be your conclusion and recommendation to the government?
Discuss the role of public policy in price monitoring and consumer protection.
work on the last two points
Do you think the offline stores engaged in price gouging? If you were part of the panel, what would be your conclusion and recommendation to the government?
Discuss the role of public policy in price monitoring and consumer protection.

Essay Sample Content Preview:

Offline Stores and Price Gouging
Student's Name
Institution/Affiliation
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Professor
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Offline Stores and Price Gouging
Offline retail establishments are modest homes with limited storage space in the community. It implies that their stock may be available for a short time. As a result, they place orders more frequently and pay substantially more for freight shipping. They will be able to endure the crisis they are experiencing by raising the costs. Compared to online retail establishments, they place fewer orders but more frequently for supplies.
Offline Stores and Price Gouging
The prices for offline stores typically experience price gouging. It is easier to visit offline retail stores, particularly during the pandemic. Due to the lockout, there is no transportation and only limited options for purchasing necessities....
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