What are the different pricing techniques? Discuss the different pricing techniques followed in supermarket, discount store and hypermarkets.

Overview of Retailing and Pricing Techniques in Supermarkets, Discount Stores, and Hypermarkets:

Retailing is a dynamic and competitive industry that involves the sale of goods and services to end consumers. Pricing is a crucial aspect of retail strategy, as it directly influences consumer behavior and market competitiveness. Different types of retail formats, such as supermarkets, discount stores, and hypermarkets, employ various pricing techniques to attract and retain customers. Let's explore the distinct pricing strategies adopted by each of these retail formats.

1. Supermarkets:
Supermarkets are large retail stores that offer a wide variety of food and non-food products. Pricing techniques in supermarkets are designed to appeal to ___ _________ ___ ________ _____ _________ ___.
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