Question

A clothing store has ordered a new supply of jeans for the fall season and wants to sell off the remaining items from the previous spring. What action would the store owner most likely take?

Answer 1

Have a sale on the previous spring items so they sell.

Answer 2

Answer:

The store owner must choose to apply a remnant sale with the products of last season, offering a reduced price to its customers.

Explanation:

The remnant sale occurs when a series of products has a diminished value, either due to deterioration, damage or in this case: programmed obsolescence or planned obsolescence.

It is not a remnant sale, that sale of products that have not been sold with a lower price than usual, or that product that involves deception or risk to the consumer. Likewise, the sale cannot be extended once the stock has been used up.