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:
A)rebate.
B)size discount.
C)markdown.
D)coupon.
E)quantity discount.

Question

Quizplus · Accepted Answer

This is an example of a markdown, which is a temporary reduction in price with the goal of selling slow-moving merchandise.

A Company Selling Air Conditioners Finds That Sales Begin to Decrease