<span>This is everyday low pricing, which is also known as EDLP. Usually, the EDLP is in the range of a high-low retailer's promotional price. However, the EDLP is not a discounted price. People are attracted to this price, because it is something they can count on.</span>
the answer to ur question is industry
Answer: Option a
Explanation: In simple words, the value of effort and time (or economic cost of effort and time) which individuals spend by keeping less money to offset the inflation tax they pay on cash holdings whenever higher inflation occurs is called shoe leather cost.
Increased cost of shoe-leather is one of the inflationary impacts. In a time of high inflation, individuals are discouraged from keeping large sums of money because their worth is rapidly deteriorating compared to the economy's increasing prices.
The budget item spent on clothing is considered to have a budget variance.
<h3>What is budget variance?</h3>
A budget variance is the difference between the budgeted expense or revenue, and the actual amount.
The budget variance is favorable when the actual revenue is higher than the budget or when the actual expense is less than the budget.
Hence, the budget item is considered to have a budget variance.
Learn more about budget variance here : brainly.com/question/13287252
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