retailers set prices on new models or styles of products,the price of existing models often is _________.
A) marked up
B) off-priced
C) value-added
D) marked down
E) maintained

Question

Quizplus · Accepted Answer

When retailers introduce new models or styles of products, they often want to clear out existing inventory to make room for the new products. To do so, they typically mark down the prices of the existing models to incentivize customers to purchase them before the new models arrive. Therefore, the correct answer is marked down (D).

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