When Retailers Set Prices on New Models or Styles of Products

question 173

Multiple Choice

When retailers set prices on new models or styles of products, the price of existing models often is ________ to quickly sell them.

• A) benchmarked
• B) off-priced
• C) value-added
• D) marked down
• E) maintained

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Definitions:

REM Sleep

A phase of sleep characterized by rapid eye movements, during which most dreaming occurs, and is thought to play a role in learning and memory.

Normal Portion

A standard or average size or amount of a food serving or meal based on dietary guidelines or social norms.

Arousal

A physiological and psychological state of being awake, alert, and attentive, often a prerequisite for effective performance in various tasks.

Behavior

Actions or reactions of an individual or group in response to external or internal stimuli.