Need Help with Essay Questions

Read the Superior Supermarket Case Study on pages 484-495 in our textbook, and answer the questions below in essay format. Your response should be a minimum of 500 words. You are required to use at least your textbook as source material. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations using APA format.

1. Describe Superior Supermarket’s competitive interaction in Centralia.

2. What pricing considerations should be considered by Superior Supermarket?

3. How might Everyday Low Pricing (EDLP) affect Superior Supermarket’s competitive situation in Centralia?

4. What are the pros and cons of an EDLP strategy for Superior?

5. How does EDLP impact Superior Supermarket’s price elasticity?

6. What action(s) would you propose for Superior Supermarkets?

Textbook: Kerin, R., & Peterson, R. (2010). Strategic marketing problems: Cases and comments (12th ed.).Upper Saddle River, NJ: Prentice Hall