Which acronym is paired with Every Day Low Price?

• A. DMM — Digital Merchandising Manager
• B. EDLP — Every Day Low Price
• C. PK — Product Knowledge
• D. GM — Grand Margin

Answer: (B)

The idea is to recognize a common retail acronym tied to pricing. When a retailer describes a pricing approach where prices stay consistently low, the term is EDLP—Every Day Low Price. This means products are offered at low prices every day, not just during occasional sales, which helps customers trust that they’re getting a good deal anytime they shop. The other options point to roles or terms unrelated to pricing strategy: Digital Merchandising Manager, Product Knowledge, and Grand Margin. Those don’t describe a pricing approach, so EDLP is the correct pairing.