Retailers Need to Set Their Prices High Enough So That

question 57

Multiple Choice

Retailers need to set their prices high enough so that __________.

• A)after markdowns,the retailer can still achieve their profit goals
• B)merchandise looks attractive to shoppers
• C)a variety of vendors cater to the retailer
• D)a value is given to the merchandise because of the price
• E)they just cover their costs

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Definitions:

Tenth Amendment

An amendment to the United States Constitution that emphasizes the federal system of government by stating that powers not delegated to the federal government nor prohibited to the states, are reserved to the states or to the people.

Federal System

A system of government where power is divided between a central (or federal) government and regional (state or provincial) governments.

Governmental Responsibilities

Duties and obligations that a government is expected to carry out for the benefit of its citizens, including providing public services, ensuring national security, and upholding the law.

Federal Arrangement

A political system where power is divided between a central government and various regional governments.