Markdowns

Markdowns are price reductions applied to products in a retail environment, primarily to drive sales, reduce excess inventory, or react to market conditions. They are typically classified into two types: permanent markdowns and temporary markdowns. Permanent markdowns are long-term price reductions made on items to clear unsold stock or reposition a product in the market. Temporary markdowns are short-term ______ _________ _____ ___ ___ ___ _________ ________ _________ _____ _______.
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