A Markdown Refers to

question 212

Multiple Choice

A markdown refers to

• A) the difference between the final selling price and the retailer's cost.
• B) the amount the manufacturer adds to achieve the desired suggested retail price.
• C) discounting a product when it does not sell at the original price and an adjustment is necessary.
• D) the lowest price to which a retailer can reduce a sales ticket and still make a profit.
• E) the net margin.

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Definitions:

Development Process

A structured approach to creating a new product, system, or software, which typically includes stages such as planning, design, development, testing, and deployment.

RAD Stage

Refers to the Rapid Application Development stage, a software development methodology focused on quick and interactive development cycles, emphasizing user feedback.

User Requirements

Specifications of needs or conditions to which a system, product, or service must conform, articulated by the end-users.

Traditional SDLC

The conventional Software Development Life Cycle model that involves a series of sequential phases, such as planning, design, development, testing, and maintenance, to develop a software product.