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4min chapter
80. Going-Out-of-Business Sales
The Economics of Everyday Things
Strategic Pricing in Going-Out-of-Business Sales
This chapter explores the pricing tactics and strategies businesses use during going-out-of-business sales to create urgency among consumers. It examines the balance between discounting to recover inventory value and maintaining profit margins, while also delving into the psychological factors that influence purchasing behavior in a liquidation context.
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