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K – Is used as an abbreviation for 1,000. For example, $225K would be understood to mean $225,000, and $3.6K would be understood to mean $3,600. Multiple K's are not commonly used to represent larger numbers. In other words, it would look odd to use $1.2KK to represent $1,200,000. Ke – Is used as an
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.
An abbreviation meaning “in case you missed it” FOMO. Fear of missing out. FWIW. An abbreviation meaning “for what it’s worth” LASER. Light amplification by stimulated emission of ...
Lists of acronyms contain acronyms, a type of abbreviation formed from the initial components of the words of a longer name or phrase. They are organized ...
Home Retail Group plc was a British retail company established on 10 October 2006, following the spin-off of Argos Retail Group (ARG) from GUS plc. It was listed on the London Stock Exchange (LSE). The group primarily comprised two retailers: Argos and Homebase, as well as in-house brands such as Chad Valley and Habitat. In April 2007, the ...
A price markdown is a deliberate reduction in the selling price of retail merchandise. It is used to increase the velocity (rate of sale) of an article, typically for clearance at the end of a season, or to sell off obsolete merchandise at the end of its life. The timing and level of markdowns in a selling season is critical to maximising ...
Habitat (a trading name of Argos Limited) is a brand of household furnishings in the United Kingdom and the main homewares brand within the Sainsbury's group. Founded in 1964 by Sir Terence Conran , it merged with a number of other retailers in the 1980s to create Storehouse plc , before the latter sold Habitat to the Ikano Group, owned by the ...
A seasonal sales promotion. These are price reductions given when an order is placed in a slack period (example: purchasing skis in April in the northern hemisphere, or in September in the southern hemisphere). On a shorter time scale, a happy hour may fall in this category. Retailers organize big discounts on almost every season in order to ...