One possible metric that store managers could use to evaluate the effectiveness of a signpost-item price structure is the sales volume and revenue generated by the signpost items compared to the sales volume and revenue generated by non-signpost items. This can be tracked over time to see if the signpost-item price structure is driving more sales and revenue, or if it is not having a significant impact. Another metric could be the percentage of customers who purchase signpost items compared to non-signpost items, which can give insights into the effectiveness of the pricing strategy in attracting customer attention and driving sales. Additionally, managers could track customer feedback and satisfaction related to the signpost-item price structure to assess if it is perceived as fair and transparent by customers.
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Answer:
One possible metric that store managers could use to evaluate the effectiveness of a signpost-item price structure is the sales volume and revenue generated by the signpost items compared to the sales volume and revenue generated by non-signpost items. This can be tracked over time to see if the signpost-item price structure is driving more sales and revenue, or if it is not having a significant impact. Another metric could be the percentage of customers who purchase signpost items compared to non-signpost items, which can give insights into the effectiveness of the pricing strategy in attracting customer attention and driving sales. Additionally, managers could track customer feedback and satisfaction related to the signpost-item price structure to assess if it is perceived as fair and transparent by customers.