Question: 1 . What is the rationale for using odd - cent pricing? 2 . What is the rationale for using even pricing? 3 . When

1.What is the rationale for using odd-cent pricing?
2.What is the rationale for using even pricing?
3.When is pricing above the competition a feasible 4.How can a retail store price the same product for less than the competition is charging?
Describe how supply and demand affect retail price.
How will a store determine if correct pricing decisions have been made?
List and explain three causes of markdowns.
What are the benefits of taking markdowns early?
Explain why some retail stores take markdowns only at the end of the season.
Why do stores use additional markups?

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