What Is a Limitation of the Rules-Based Approach for Taking

question 98

Multiple Choice

What is a limitation of the rules-based approach for taking markdowns?

• A) The rules-based approach is based upon gross margin
• B) The approach prohibits input from the vendor
• C) The approach does not follow a fixed schedule
• D) Its only goal is to clear inventory
• E) The approach assumes that items in a category do not exhibit the same behaviour

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Definitions:

In-Depth Interviewing

A qualitative research method that involves conducting extensive and detailed interviews to gather deep insights.

Flowery Description

An elaborately detailed or excessively embellished narrative or explanation.

Secondary

Pertaining to data or research that utilizes information previously gathered for a different purpose.

External Criticism

The process of evaluating the trustworthiness and authenticity of historical documents or sources.