The technological developing department did not issue the correct measurements for the sizing that you are using.  What should you do in the following situation?During the production development...

The technological developing department did not issue the correct measurements for the sizing that you are using.  What should you do in the following situation?

During the production development phase, the technological developing department did not issue the correct measurements for the sizing that you are using. Therefore, two items are not selling. What are the different strategies that you can take to help move this product? What type of mark down might you give?

Asked on by yacel0762

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pohnpei397 | College Teacher | (Level 3) Distinguished Educator

Posted on

Without knowing what sort of products we are supposed to be getting rid of, it is hard to know what strategies we would use other than marking down the prices and hoping that customers will buy.  Depending on what the items are, you might consider packaging them with complementary items that are selling well.

As far as a discount goes, you will need to give whatever discount the market will require you to give.  This assumes that the products cannot be in some way fixed.  If they cannot be fixed, your choices are to discount them as deeply as you need to or simply eat the entire cost of the product line.  You would hope to sell them at no less than cost, but if you have to, you ought to sell them for whatever you can get.

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