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:

Par Value

The face value of a bond or stock, typically the amount paid at maturity for bonds and the nominal value for stocks.

Government Bonds

Debt securities issued by a government to support government spending and obligations.

General Level

Typically refers to the overall state or condition of something, often used in discussions about prices, economic conditions, or the level of activity in a market.

Convertibles

Securities, usually bonds or preferred shares, that can be converted into a specific number of shares of the issuing company's common stock.