When buyers refuse to pay a product's stated price or when improvements in other items or fashion changes reduce the appeal of the current merchandise,a retailer must take a _____.

Question

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When buyers refuse to pay a product's stated price or when improvements in other items or fashion changes reduce the appeal of the current merchandise, a retailer must take a markdown. This means reducing the price of the merchandise to make it more appealing to buyers and to clear out any excess inventory.

When Buyers Refuse to Pay a Product's Stated Price or When