# GLOSSARY

Finance Dictionary : Mark Down

KEYTAKEAWAYS

Learn about Mark Downs, the pricing strategy involving discounts during promotions or sales to attract customers and manage surplus or discontinued items.


CONTENT

DEFINITION

Mark Down – Promotional Discounts for Sales and Inventory Management

 

A Mark Down refers to a reduction in the price of a product or item, commonly applied during promotional events, sales, or as a strategy to stimulate consumer demand. This pricing tactic is employed to attract customers, boost sales, and expedite the clearance of surplus or discontinued merchandise.

 

Understanding the concept of Mark Down is essential for businesses and consumers alike. It allows businesses to manage inventory effectively, especially for items with diminishing demand, and provides shoppers with cost-saving opportunities.

 

Mark Downs can take various forms, such as percentage discounts, fixed-price reductions, or bundled offers, all designed to make products more appealing to customers and optimize inventory turnover.


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We strive for accuracy in our content, but occasional errors may occur. Importantly, our information should not be seen as licensed financial advice or a substitute for consultation with certified professionals. CoinRank does not endorse specific financial products or strategies.


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