A Markdown Refers to

question 212

Multiple Choice

A markdown refers to

• A) the difference between the final selling price and the retailer's cost.
• B) the amount the manufacturer adds to achieve the desired suggested retail price.
• C) discounting a product when it does not sell at the original price and an adjustment is necessary.
• D) the lowest price to which a retailer can reduce a sales ticket and still make a profit.
• E) the net margin.

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Definitions:

Emotional Responses

The emotional reactions or feelings stimulated by an event, situation, or stimulus.

Ivan Pavlov

A Russian physiologist best known for his work in classical conditioning, demonstrating the learning process now known as Pavlovian conditioning.

Conditioned Responses

Learned reactions or behaviors in response to specific conditioned stimuli that have been associated with an unconditioned stimulus.

Russian Physiologist

Refers to a scientist from Russia specializing in physiology, which is the scientific study of normal mechanisms, and their interactions within living systems.