What you’ll learn to do: Examine common price adjustment techniques
Most know of the phrase “never pay retail” but may not understand the mechanics behind how retail prices change over time. A price adjustment is any change to the original price of a product in inventory by a retailer. There are three primary forms of price adjustment: promotion, price protection and markdown. We will explore all three of these price adjustments in this section.
- Introduction to Price Adjustment Techniques. Authored by: Bob Danielson. Provided by: Lumen Learning. License: CC BY: Attribution