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Off-price. Off-price is a trading format based on discount pricing. Off-price retailers are independent of manufacturers and buy large volumes of branded goods directly from them. The off-price retail model relies on the purchase of over-produced, or excess, branded goods at a lower price, thus being able to sell to consumers at a discount ...
The economist Alex Tabarrok has argued, that the success of this promotion lies in the fact that consumers value the first unit significantly more than the second one. So compared to a seemingly equivalent "Half price off" promotion, they may only buy one item at half price, because the value they attach to the second unit is lower than even the discounted price.
The 1976 United States presidential election was the 48th quadrennial presidential election, held on Tuesday, November 2, 1976. The Democratic nominee, former Georgia governor Jimmy Carter, narrowly defeated incumbent Republican President Gerald Ford. This was the first presidential election since 1932 in which the incumbent was defeated, as ...
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