Markdowns Are Typically Used

question 18

Multiple Choice

Markdowns are typically used:

• A) all of these are appropriate uses of markdowns
• B) when merchandise is priced too high to begin with
• C) when merchandise goes out of style, or is seasonal
• D) when pricing perishables

---

Definitions:

Raking Leaves

The activity of gathering fallen leaves into a pile using a rake, often performed as part of garden maintenance or cleanup.

Derived Demand

The demand for a commodity, service, etc., that is a consequence of the demand for something else.

Marginal Product

The additional output gained by employing one more unit of a specific factor of production, ceteris paribus.

Final Good

A product that is completed and ready for consumption without requiring further processing or manufacturing, contrasting with intermediate goods used in production.