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William J.Goode asserted that
Reduced Price
Reduced price indicates a discount or decrease in the original selling price of goods or services, often to clear inventory or during sales promotions.
Factory
A building or group of buildings where goods are manufactured or assembled chiefly by machine.
Selling Price
The amount of money that a seller asks for in exchange for a product or service.
Mark-up
The amount added to the cost price of goods to cover overhead and profit, resulting in the selling price.
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