Explain What a Markdown Is and Its Timing (I

question 319

Essay

Explain what a markdown is and its timing (i.e., when a retailer uses it).

---

Definitions:

Sensation And Perception

The processes by which we receive, interpret, and give meaning to sensory information from our environment.

Proximity

The closeness of physical or psychological elements, influencing relationships and perception.

Simplicity

The quality or condition of being easy to understand or do.

Closure

The psychological process of seeking resolution and finality to unresolved matters, often related to trauma, loss, or relationship issues.