Which of the following is NOT true about markdowns?
A)Markdowns are part of the cost of doing business,and thus,buyers plan for them.
B)A buyer's objective is to minimize markdowns.
C)Buyers set the initial markup price high enough that,even after markdowns and other reductions have been taken,the planned maintained markup is still achieved.
D)Buyers employ markdowns to promote merchandise and increase sales.
E)Markdowns can increase customer traffic flow.

Question

Quizplus · Accepted Answer

A buyer's objective isn't to minimize markdown,but rather to manage the markdowns.A buyer needs to set the initial retail price high enough to maximize profits and manage the markdowns accordingly.

Which of the Following Is NOT True About Markdowns