Which of the Following Is the Least Profitable Method of Liquidating

question 80

Multiple Choice

Which of the following is the least profitable method of liquidating markdown merchandise?

• A) Sell the merchandise to another retailer.
• B) Consolidate the unsold merchandise.
• C) Place the remaining merchandise on an Internet auction site.
• D) Give the merchandise to charity.
• E) Carry the merchandise over to the next season.

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Definitions:

Variance

A measure of how much values in a data set differ from the mean, calculated as the average of the squared differences from the mean.

Standard Deviation

An indicator of the extent of variability or spread within a data set, showing how far from the average the values range.

Deviations

Differences from a central value, such as the mean or median, indicative of variability within a data set.

Mean

The arithmetic average of a set of numbers, calculated by adding all the numbers and dividing by the count of numbers.