Reductions in the Initial Retail Price Are Called

question 83

Multiple Choice

Reductions in the initial retail price are called:

• A) sales
• B) price decreases
• C) markdowns
• D) merchandise effect
• E) liquidation

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Definitions:

Fraud

The intentional deception or misrepresentation made by one party to gain an unfair advantage or harm another party.

Innocently Misrepresented

A situation where a false statement is made without knowledge of its falseness, usually without intent to deceive, but leading another to enter into a contract.

Full-blooded Pomeranian

A dog that is purely of the Pomeranian breed, without any mixed lineage.

Rescind

To cancel a contract.