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While reading this chapter, a student notices what seems to be abnormal tendencies in his own behavior. This
Markdowns
Reductions in the selling price of goods, often to clear old stock or respond to reduced demand.
Complementary Products
Products that enhance the use of a primary product or are better used in conjunction with the primary product, increasing customer satisfaction and sales opportunities.
Maintained Markup
The practice of keeping the difference between the cost price and selling price consistent across products or over time.
Original Markup
The initial amount added to the cost price of goods to determine their selling price.
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