1) What is being put on products to covers the expenses or overhead of a running business? a) Selling Price b) Cost c) Mark-up d) Markdown 2) This happens when the price of a retail product increases fairly soon after another increase. a) Mark-up b) Markdown c) Mark-on d) Cost 3) This is done by the business owners to reduce the price of their products to match competitor’s price adjustment. a) Mark-on b) Markdown c) Mark-up d) Cost 4) It is a kind of markdowns wherein it aims to remove “poor-sales” product from their inventory. a) Temporary Markdown b) Permanent Markdown c) Seasonal Markdown d) Discount Markdown 5) It is a reduction of selling price of an item to increase the demand of a certain product. a) Temporary Markdown b) Permanent Markdown c) Seasonal Markdown d) Discount Markdown

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