Aug 27, 2021 10:54
2 yrs ago
6 viewers *
English term
maintained markup
GBK
English to Czech
Marketing
Marketing
Definition from
MBA Skool:
A price adjustment where the price is reduced to above the cost to a new price. Maintained markup is done when the product does not sell and keeps lying in the store for some time. When a product arrives at the store, a price tag is attached which is pre-determined. This is the initial markup price above the cost.The maintained markup is hence the actual selling price minus the cost.
Example sentences:
Retailers can avoid having to significantly reduce their maintained markup value by utilizing inventory management software like SkuVault to dramatically reduce the clerical errors that can lead to shortages, more precisely forecast demand, etc., thus reducing costs. (skuvault)
But the maintained markup is done with the intention of clearing up unsold products. Online sellers need to know the kind of demand that exists for their product in the market and set the price based on the information they’ve gathered. (DelightChat)
Having the correct initial markup is the cornerstone to achieving the desired maintained markup. Have you ever wondered what the determining factors for initial markup are? Why do we double the cost? What does the term “keystone markup” mean, and where did it originate? (Independent Retailer)
Change log
Aug 27, 2021 10:27: changed "Kudoz queue" from "In queue" to "Public"
Aug 27, 2021 10:54: changed "Stage" from "Preparation" to "Submission"
Aug 31, 2021 01:55: changed "Stage" from "Submission" to "Selection"
Sep 6, 2021 11:55:
Sep 26, 2021 11:55:
Oct 26, 2021 11:55: