Big Lots is able to sell its products so cheaply for a variety of reasons. First, the company buys its products in bulk from suppliers. This allows them to get a discount on the products, which they can then pass on to their customers.
Additionally, Big Lots has very little advertising and marketing expenses, as they rely heavily on word-of-mouth to attract customers. Finally, the company operates on a very lean business model, with low overhead costs. This allows them to sell their products at a lower price than their competitors.
So there you have it – three reasons why Big Lots is able to sell its products so cheaply. By buying in bulk, keeping marketing expenses low, and operating on a lean business model, the company is able to offer its customers great deals on everything from furniture to groceries.
