Podcast
Questions and Answers
What should you focus on instead of the total price when shopping?
What should you focus on instead of the total price when shopping?
- Product packaging
- Brand popularity
- Net weight
- Unit price (correct)
What common signs of shrinkflation should you ignore according to the text?
What common signs of shrinkflation should you ignore according to the text?
- Family size (correct)
- Limited edition
- Organic
- New and improved
What calculation is mentioned to determine the unit price of a product?
What calculation is mentioned to determine the unit price of a product?
- Net weight x Total units
- Total units / Total price
- Total price x Net count
- Total price / Total units (correct)
Why does the text suggest buying in bulk despite the higher up-front cost?
Why does the text suggest buying in bulk despite the higher up-front cost?
What advice does the text give regarding brand loyalty?
What advice does the text give regarding brand loyalty?
What is one key reason companies use to justify product downsizing?
What is one key reason companies use to justify product downsizing?
What does the text suggest about the price of cocoa in recent years?
What does the text suggest about the price of cocoa in recent years?
What does the statement "A lot of shoppers are more sensitive to a price change than to a weight change" suggest?
What does the statement "A lot of shoppers are more sensitive to a price change than to a weight change" suggest?
What is one potential consequence of product downsizing mentioned in the text?
What is one potential consequence of product downsizing mentioned in the text?