Reductions in the initial retail prices are known as
A) rain checks.
B) fixed costs.
C) markdowns.
D) variable costs.
E) keystoning prices.

Name: Reductions in the initial retail prices are known as A) rain checks. B) fixed costs. C) markdowns. D) variable costs. E) keystoning prices.
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Question

Quizplus · Accepted Answer

Markdowns are the reductions in the initial retail prices. Retailers' reasons for taking markdowns can be classified as either clearance (to dispose of merchandise) or promotional (to generate sales).

Reductions in the Initial Retail Prices Are Known as