Which of the Following Statements About Markdowns Is True

question 23

Multiple Choice

Which of the following statements about markdowns is true?

• A) Markdowns are an opportunity to increase sales
• B) Retailers should plan for markdowns
• C) Markdowns are initiated to induce price-sensitive customers to buy more
• D) Markdowns are part of the cost of doing business
• E) All of these

---

Definitions:

Malcolm X

An African American Muslim minister and human rights activist in the 1950s and 60s, known for his advocacy for the rights of blacks and his criticism of the civil rights movement for its emphasis on nonviolence.

Martin Luther King, Jr.

An influential American civil rights leader known for his advocacy for nonviolent resistance and his role in advancing civil rights and racial equality in the United States.

Homophily

The tendency of individuals to associate and bond with similar others, often leading to social and economic networks characterized by high degrees of similarity in beliefs, values, and social status.

Multiracial

Describing individuals or groups composed of or identifying with more than one racial background.