A(n) policy should be adopted when the retailer wants to avoid disrupting the sale of regular…

➤ How does a steady policy differ from early or flexible markdown strategies?
An early markdown cuts prices quickly soon after launch to accelerate sales, while flexible markdowns respond dynamically to demand and competitive signals. A steady policy uses preplanned, gradual reductions regardless of short-term fluctuations. It emphasizes price stability and predictable margins rather than fast turnover or reactive pricing.