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RUDIKE [14]
1 year ago
11

when a new product is not being sold at the rate originally forecasted, the retailer may reduce the price in order to reduce the

inventory of the product. this reduction is known as a
Business
1 answer:
DiKsa [7]1 year ago
7 0

When a new product is not being sold at the rate originally forecasted, the retailer may reduce the price in order to reduce the inventory of the product. this reduction is known as a Markdown.

<h3>What does pricing markdown mean?</h3>

A markdown lowers the price of a product to reflect the actual amount customers are ready to pay; as a result, it devalues the item. The price of a product may need to be reduced more until it sells at a profitable rate if sales don't pick up after the initial markdown.

<h3>How do markdown and markup differ from one another?</h3>

A price can be changed by markup and discount (or cost of an item). Increasing an item's cost price before selling it is referred to as a markup. Reducing an item's selling price is referred to as a markdown (this is often called a discount in retail shops)

To know more about markdown visit:

brainly.com/question/28017140

#SPJ4

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Ugo [173]
It would actually be an increased production by the business.

Haha, I had to think for a tiny bit and re-check my answer to make sure it was right before giving it. Would hate to see you get it wrong. 
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SpyIntel [72]

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6 0
3 years ago
From time to time, various groups clamor for import restrictions or tariffs on foreign-produced goods, particularly automobiles.
Misha Larkins [42]

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6 0
3 years ago
Decision alternatives:_______
LenaWriter [7]

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The correct answer is letter "A": should be identified before decision criteria are established.

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15 years

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