When Setting Prices for Merchandise,retailers Must Decide on the Markup,markdown,and

question 117

Multiple Choice

When setting prices for merchandise,retailers must decide on the markup,markdown,and the __________ for markdowns.

• A)relevance
• B)necessity
• C)percentage
• D)timing
• E)consequence

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Definitions:

Social Cognitive Theory

Albert Bandura’s expansion of social learning theory; holds that children learn gender roles through socialization.

Reinforcement

In behavioral psychology, a process by which a stimulus increases the probability of a preceding behavior by either a positive or negative reinforcement.

Parents

Individuals who have a biological or legal relationship to a child, responsible for the child's care, upbringing, and development.

Peers

Individuals who are approximately the same age or at the same stage of development, often influencing each other's behaviors and attitudes through social interactions.