retailers take a markdown as soon as sales fall to free valuable selling space and cash.This concept of retail pricing based on _________.
A) timing
B) demand
C) availability
D) bargain hunting
E) customer value

Question

Quizplus · Accepted Answer

The concept of retailers taking a markdown as soon as sales fall to free up valuable selling space and cash is based on timing. Retailers aim to clear out slow-moving inventory to make space for new products and generate cash flow. This strategy also helps to avoid holding onto inventory for too long, which can result in further markdowns and loss of profits. Therefore, the answer is A) timing.

Retailers Take a Markdown as Soon as Sales Fall to Free