How Does Optimization Software Help Retailers in Taking Markdowns

question 57

Multiple Choice

How does optimization software help retailers in taking markdowns?

• A) It gives retailers the point at which it is optimal to job-out and consolidate.
• B) It updates pricing based upon actual sales and factors in differences in price sensitivities.
• C) It continually updates buyers on sales by price beginning at the point of sale.
• D) It dictates markdown merchandise into one percentage markdown per week in the store.
• E) It indicates markdowns based on how long the merchandise has been in the store.

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Definitions:

Traumatic Events

Incidents that cause psychological, physical, emotional, or spiritual harm, leading to lasting effects on a person’s well-being.

Eustressors

Positive stressors that lead to healthy psychological responses and can enhance performance or well-being.

Type A Behavior

A personality pattern characterized by high levels of competitiveness, self-imposed stress, aggressiveness, and a constant sense of urgency, often linked to a higher risk of heart disease.

Heart Disease

A range of conditions that affect the heart, including coronary artery disease, heart attacks, congestive heart failure, and congenital heart defects.