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:

Muscular Foot

A muscular structure found in many mollusks used for movement and anchoring.

Gastropods

A class of mollusks that includes snails and slugs, characterized by their univalve shell (in snails) and distinctive crawling locomotion.

Hinged Shell

A shell structure composed of two parts connected by a flexible hinge, allowing the shell to open and close, commonly seen in bivalves like clams and oysters.

Bivalves

Aquatic molluscs that have a shell divided into two hinged parts, such as clams, oysters, mussels, and scallops.