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People learn values and principles through socialization by family members, social groups, religion, and formal education.
Retail Pricing Strategy
The approach a retailer uses to price its products or services, aimed at achieving a balance between profit margins and market competitiveness.
Markdowns
Reductions in the selling price of goods, often to clear old stock or during sales promotions.
Original Price
The initial cost set for a product or service before any discounts, promotions, or markdowns are applied.
Markdown
A reduction from the original or listed price of a product, typically to stimulate sales or clear inventory.
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