When making a good markdown decision, a retailer should
A) work closely with its vendors and share the financial burden of the markdowns.
B) only trust its own tastes and intuitions when stocking merchandise.
C) rely exclusively on computer software designed for optimal pricing.
D) consider only the rules-based approach because it has proven its reliability.
E) look to limit markdowns as they hinder customer loyalty.

Question

Quizplus · Accepted Answer

Vendors have a partnering relationship with their retailers and thus a vested interest in their success. Vendors that are knowledgeable about the market and competition can help with stock selections.

When Making a Good Markdown Decision, a Retailer Should