What Is a Limitation of the Rule-Based Approach to Taking

question 24

Multiple Choice

What is a limitation of the rule-based approach to taking markdowns?

• A)The rule-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)It does not consider the demand for merchandise at different prices and thus produces less-than-optimal profits.
• E)The approach assumes that items in a category do not exhibit the same behavior.

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Definitions:

Intrinsically Motivated

A state of being driven by internal rewards such as personal satisfaction, interest, or enjoyment of the task itself.

Work Aligns

The concept of ensuring that one's job responsibilities and roles are in harmony with their personal values and career goals.

Satisfied

The feeling of contentment or fulfillment, typically after meeting a need, desire, or expectation.

Job Satisfaction

The level of contentment individuals feel with their job, including aspects like work environment, duties, and compensation.