Reductions in the initial retail price are called:
A) sales
B) price decreases
C) markdowns
D) merchandise effect
E) liquidation

Question

Quizplus · Accepted Answer

Markdowns refer to reductions in the initial retail price. Sales are a more general term and can refer to any type of promotion, including discounts, BOGO offers, etc. Price decreases are also a general term and can refer to any type of reduction in price, whether it's a permanent change or a temporary promotion. Merchandise effect refers to how the placement and presentation of products in a store can impact sales. Liquidation refers to the process of selling off all remaining inventory, often at heavily discounted prices, before closing a business or discontinuing a product line.

Reductions in the Initial Retail Price Are Called