Multiple Choice
Regarding markdowns, which of the following statements is TRUE?
A) The markdown ratio is calculated by dividing the sum of markdowns and allowances by net sales.
B) Markdowns are required because customers will not buy at the original marked-up price.
C) Markdowns are generally considered to be due to "business errors."
D) All of these alternatives for markdowns are TRUE.
Correct Answer:
Verified
Correct Answer:
Verified
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