The Original Selling Price Minus the Sale Price Is Called

question 61

Multiple Choice

The original selling price minus the sale price is called the:

• A) gross margin
• B) reduced price
• C) markdown
• D) markup

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Definitions:

Conditioned Response

A learned reaction to a previously neutral stimulus that has been repeatedly paired with an unconditioned stimulus causing an automatic response.

Taste Aversions

A learned response to eating spoiled or toxic food, resulting in an aversion to the taste of foods associated with illness or poor experiences.

Insight Learning

A cognitive process in which a problem is suddenly understood or solved through an "aha" moment without trial-and-error behavior.

Vicarious Learning

A process of learning that occurs by observing the behaviors of others, their consequences, and deciding whether to imitate that behavior.