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At the end of summer, the Gloomin' Garden Inc. reduced the price on all of its plants, fertilizers, and potting soil by 5 0 percent

At the end of summer, the Gloomin' Garden Inc. reduced the price on all of its plants, fertilizers, and potting soil by

50

percent in order to liquidate this inventory. What type of pricing strategy has been used by Gloomin' Garden Inc.?

Sales maximization

Target return on investment

Satisfactory profit

Supply oriented pricing

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