Why might a retailer apply a markdown to an item's marked price?

Why might a retailer apply a markdown to an item's marked price?
A) the item is out of season
B) the item is not selling well
C) to be more competitive
D) all of the above

Q. 2

Market share is usually stated as a percent and may be based on the number of
A) units sold.
B) sales dollars.
C) units sold or sales dollars.
D) none of the above

Q. 3

Which of the following is used by companies to forecast sales by selling a new product in a small geographic area and measuring its success?
A) market tests
B) management opinion
C) customer surveys
D) demographic analysis

Q. 4

Which of the following is a common reason why wholesalers change the trade discount to raise and lower the prices they charge retailers?
A) to remain competitive with other wholesalers
B) to save the cost of reprinting their catalog when list prices change
C) to offer a single discount equivalent
D) none of the above

Q. 5

What is the discount date of an invoice dated June 22 that has terms of sale 1/10, n/45?
A) June 30
B) July 22
C) July 2
D) August 6

Q. 6

Which of the following is typically found on a sales invoice?
A) the unit price of each item
B) the total of the extensions
C) the terms of the sale
D) all of the above

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Why might a retailer apply a markdown to an item's marked price?

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