An advantage of the early markdown policy is that it allows the retailer to replenish lower-priced lines from the higher-priced ones that have been marked down.

Question

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This statement is true because the markdown policy allows the retailer to clear out the high-priced merchandise first and then use the profits from those sales to replenish the lower-priced items that were not marked down. This helps to maintain profit margins and reduce the need for excessive inventory.

An Advantage of the Early Markdown Policy Is That It