Small Business Owners Should Avoid Cutting Prices on Slow-Moving Items

question 11

True/False

Small business owners should avoid cutting prices on slow-moving items since it is better to hold onto them and try to sell them later at normal prices.

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Definitions:

Preoccupied

Being absorbed in thought or engrossed in an activity to the extent of becoming unaware of one’s surroundings.

Unfinished Tasks

Tasks that have been started but not completed, often causing a mental or emotional burden due to the pending work that remains to be done.

Productivity

The measure of the efficiency of a person, machine, factory, system, etc., in converting inputs into useful outputs.

Quality Work

Work or output that meets or exceeds predefined standards of excellence, often characterized by attention to detail, craftsmanship, and customer satisfaction.