Instructions: Identify the Following

question 45

Short Answer

Instructions: Identify the following. Be as specific as possible, and include names, dates, and relevant facts as appropriate. Be sure to explain the significance of the person or term.
Wendell Willkie

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Definitions:

Mark-up

A markup on the goods’ purchase cost to account for administrative expenses and profit.

SuperMart

A large supermarket, often part of a chain, offering a wide variety of goods.

Markdown

A reduction from the original or list price of a good or service to increase its attractiveness to buyers.

Regular Selling Price

the normal price at which a good or service is sold before any discounts or promotions.