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  2. Market clearing - Wikipedia

    en.wikipedia.org/wiki/Market_clearing

    If the sale price is lower than the market-clearing price, then demand will exceed supply, and in the long run, shortages will result, where buyers sometimes find no products for sale at any price. The market-clearing theory states that prices in a free market tend towards equilibrium, where the quantity of goods or services supplied equals the ...

  3. Outlet store - Wikipedia

    en.wikipedia.org/wiki/Outlet_store

    Outlets first appeared in the eastern United States in the 1930s. Factory stores started to offer damaged or excess goods to employees at a low price. After some time, the audience expanded to include non-employees. [2] In 1936, Anderson-Little (a men's clothing brand) opened an outlet store independent of its existing factories.

  4. Grocery Outlet - Wikipedia

    en.wikipedia.org/wiki/Grocery_Outlet

    In June 2019, Grocery Outlet went public and shares of Grocery Outlet's common stock began trading on Nasdaq Global Select Market on June 20, 2019, under the symbol "GO". [24] In January 2023, RJ Sheedy, who already held the title of president, also assumed the role of CEO. [25]

  5. Non-price competition - Wikipedia

    en.wikipedia.org/wiki/Non-price_competition

    Monopolistic market structures also engage in non-price competition because they are not price takers. Due to having rather fixed market prices, leading to inelastic demand, they engage in product differentiation. Monopolistic markets engage in non-price competition because of how the market is designed where the firm dominates the market.

  6. Price markdown - Wikipedia

    en.wikipedia.org/wiki/Price_markdown

    A price markdown is a deliberate reduction in the selling price of retail merchandise. It is used to increase the velocity (rate of sale) of an article, typically for clearance at the end of a season, or to sell off obsolete merchandise at the end of its life. The timing and level of markdowns in a selling season is critical to maximising ...

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