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7 Cards in this Set
- Front
- Back
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Reduce the Initial Markup, gross sales, size of maintained markup and profit
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Markdowns
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Create excitement for consumers and move stock
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Planned Markdowns
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Markdowns that should not occur, but may be necessary for reasons like weather
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Unplanned Markdowns
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The amount of markdown that is not used or the difference between the sales price and Retail 3
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Markdown cancellation
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Amount of markdown that was actually used
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Net Markdown
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Total markdown on all of the items
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Gross Markdown
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Help induce buying by customers
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Markdowns
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