In Stores,it Is Common to Find Seasonal Products Marked Down

question 226

Multiple Choice

In stores,it is common to find seasonal products marked down when the season ends.What explains this behavior?

• A) The law of demand is being used to increase the quantity demanded.
• B) The store is trying to increase its customers' demand for the product.
• C) The store manager must be trying to drive away customers by selling low quality products.
• D) The store is trying to increase its customers' incomes by increasing their purchasing power.
• E) The store is trying to sell the goods and realizes that they are substitutes for other goods whose prices have risen.

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Definitions:

Gram

A unit of measure for mass that is equal to 0.001 kilograms.

Milliliters

A measurement of capacity in the metric system, equal to 0.001 liters.

Ounce

A unit of weight in the US customary and British imperial systems, equal to 1/16 of a pound or approximately 28.35 grams.

Milligram

A mass unit that is equivalent to 0.001 of a gram.