Markdowns Can Be Used to

question 361

Multiple Choice

Markdowns can be used to

• A) increase competition with other retailers in the immediate vicinity.
• B) placate dissatisfied customers.
• C) enhance customer perceptions of product quality.
• D) increase demand for complementary products.
• E) create a sense of urgency amongst repeat buyers.

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Definitions:

Free Choice

The freedom to make decisions autonomously without external compulsion or constraints.

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Gender Identity

An individual's personal sense of their own gender, which may or may not correspond with the sex they were assigned at birth.