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In a technology study reported in the November 10, 2003 issue of Supermarket News, a phone survey of 1000 consumers sponsored by Cap Gemini Ernst & Young, Intel and Cisco Systems the following items were ranked as to “What’s Most Important in a Store”
The following chart lists the top 5 items and the % saying “very important”
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Rank
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Item
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% Saying “Very Important”
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1.
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Having products priced the same at checkout as on the item or shelf
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79
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2.
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Getting respectful treatment from employees
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75
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3.
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Having prices visible on products or shelves
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70
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4.
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Having the products you want to purchase be in stock
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68
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5.
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Being able to return products to the store without difficulty
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67
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Again, price accuracy rated very high on the consumers’ list. Price management in its entirety is an area that if addressed properly can be used as an affective tool to win the loyalty of consumers to neighborhood stores
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