At the end of summer,the Gloomin' Garden Inc.reduced the price on all of its plants,fertilizers,and potting soil by 50 percent in order to liquidate this inventory.What type of pricing strategy has been used by Gloomin' Garden Inc.?
A)Supply oriented pricing
B)Sales maximization
C)Target return on investment
D)Satisfactory profit

Question

Quizplus · Accepted Answer

The pricing strategy used by Gloomin' Garden Inc. is sales maximization, which involves selling a large quantity of inventory at a reduced price in order to generate revenue and clear out inventory. This strategy is often used when a company needs to quickly liquidate inventory and generate cash flow.

At the End of Summer,the Gloomin' Garden Inc