Timing Is an Important Element of Markdowns

question 87

Multiple Choice

Timing is an important element of markdowns. Those retailers who take a markdown as soon as sales fall off most likely are doing so to

• A) placate dissatisfied customers.
• B) enhance customer perceptions of product quality.
• C) free up valuable selling space and cash.
• D) create an image as a cutting-edge retailer.
• E) react to the entry of a new competitor.

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Definitions:

Intrapersonal Conflicts

Psychological struggle within an individual that arises from competing needs or desires.

Power Networks

The structures and relationships within an organization through which power is exercised and exchanged.

Interrole Conflict

A psychological tension that arises when the demands of one role an individual occupies conflict with those of another role.

Intrarole Conflict

A psychological dilemma where an individual faces conflicting expectations related to a single role they occupy.