When retailers set prices on new models or styles of products,the prices of existing models must often be:
A)marked up.
B)marked down.
C)off-priced.
D)value-adde

Question

Quizplus · Accepted Answer

When retailers set prices on new models or styles of products, they often mark down the prices of existing models to encourage customers to purchase them before they become outdated or replaced by the new models. This is known as a markdown strategy.

When Retailers Set Prices on New Models or Styles of Products,the