When Retailers Set Prices on New Models or Styles of Products

question 161

Multiple Choice

When retailers set prices on new models or styles of products, the price of existing models often is __________ to quickly sell them.

• A)marked up
• B)off-priced
• C)value-added
• D)marked down
• E)maintained

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Definitions:

Sperm

The male reproductive cell or gamete of an animal, which is capable of fertilizing the female ovum (egg) to produce offspring.

Posterior Surface

Refers to the back part or surface of an object, structure, or body part.

Thyroid Gland

A butterfly-shaped gland located in the neck that produces hormones regulating metabolism, energy, and growth.

Parathyroid

Small glands located on the thyroid gland in the neck that produce parathyroid hormone, which regulates calcium levels in the blood.