Title: Identify the importance of planning for merchandise reductions.
Course: Small Business Marketing (12161) > Section: Understanding Product/Service Management

Identification should include

- markdowns
- employee/other discounts
- shortages.

Process/Skill Questions:

- How do retailers avoid overstocking merchandise that may result in profit losses?
- How can analyzing past sales predict when and why reductions may be needed?
- How can planned reductions help manage inventory levels effectively?
- Why is it important to plan for merchandise reductions in a retail business?