largest inventory of wedding dresses in the Southeast can be found at Low's Bridal and Formal in Brinkley,Arkansas.From December 26 to January 16,a prospective bride shopping at Low's can find gowns once priced at $6,000 for $2,999 and $800 gowns for $400.The reduced prices of these gowns are reflected in which retail pricing strategy?

Question

Quizplus · Accepted Answer

The reduced prices of the wedding gowns at Low's Bridal and Formal reflect the use of markdowns, which is a retail pricing strategy of offering discounted prices to clear out excess inventory or to attract customers during a promotional period.

Largest Inventory of Wedding Dresses in the Southeast Can Be