Which of the Following Statements About Markdowns Is FALSE

question 91

Multiple Choice

Which of the following statements about markdowns is FALSE?

• A)Markdowns are an unnecessary part of business if planned correctly.
• B)Markdowns are an opportunity to increase sales.
• C)Promotional markdowns increase customer flow.
• D)If markdowns are too low the buyer may be not purchasing enough merchandise.
• E)If markdowns are too low the buyer may be pricing their merchandise too low.

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Definitions:

Foot-In-The-Door

A persuasion technique where a small request is initially made to get someone to agree to a larger request later.

Situational Attribution

The process of explaining an individual's behavior based on external events or situations, rather than on internal personality traits.

Fundamental Attribution Error

The tendency to overemphasize personality traits and underestimate situational factors when explaining someone else's behavior.

Observed Behavior

Refers to actions or reactions of individuals in response to external or internal stimuli, as noted by others or oneself.