Which of the following BEST describes Walmart's core pricing philosophy, known as EDLP?
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A
A strategy of offering consistently low prices on a wide range of products to build customer trust and loyalty.
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B
A dynamic pricing model that adjusts prices daily based on competitor actions and high-demand items.
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C
A promotional strategy focused on frequent, short-term sales events and deep discounts on select items.
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D
A premium pricing strategy used for exclusive, high-quality private label brands to maximize profit margins.