A company selling air conditioners finds that sales begin to decrease at the end of summer.The company then reduces the price of air conditioners to get rid of the slow-moving merchandise.This is an example of a:

Question

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A markdown is a reduction in the original selling price of a product, often used to clear out slow-moving inventory, such as air conditioners at the end of summer.

A Company Selling Air Conditioners Finds That Sales Begin to Decrease