When retailers set prices on new models or styles of products, the prices of existing models must often be:
A)marked up.
B)off-priced.
C)value-added .
D)marked down.

Question

Quizplus · Accepted Answer

When retailers introduce new models or styles of products, they often need to clear out existing inventory. To do this, the prices of existing models must often be marked down in order to make room for the new products.

When Retailers Set Prices on New Models or Styles of Products