When making a good markdown decision,a retailer needs to:
A) partner with the vendors to coordinate deliveries and help share the financial burden of the markdowns
B) heed the opinions of the consumer groups who monitor pricing practices
C) rely exclusively on the computer software designed for optimal pricing
D) consider only the rules-based approach because it has proven its reliability
E) limit markdowns, as they hinder customer loyalty

Question

Quizplus · Accepted Answer

Partnering with vendors to coordinate deliveries and share the financial burden of markdowns can help retailers make informed markdown decisions while also minimizing their impact on profitability. This approach ensures that both the retailer and the vendor have a stake in the outcome, and can work together to offer the best possible pricing to customers.

When Making a Good Markdown Decision,a Retailer Needs To