Final answer:
The connection between mark and tips or taxes is that both affect the final price of a product or service. Markdowns and discounts are strategies used to decrease the price of a product or service.
Step-by-step explanation:
The connection between mark and tips or taxes in the business context is that both tips and taxes can be considered as additional costs or expenses that affect the final price of a product or service. When a mark is added to the cost of a product or service, it increases the price that the customer has to pay. Similarly, taxes are additional charges imposed by the government on certain goods, services, or income, which also increase the overall cost.
The connection between markdowns and discounts is that both are strategies used to decrease the price of a product or service. A markdown refers to a reduction in the original price of an item, often used in the context of clearance sales or promotions. Discounts, on the other hand, are price reductions offered to customers as an incentive to purchase a product or service. Both markdowns and discounts aim to attract customers and increase sales.