Which of the following is the most elementary pricing method?
A) value pricing
B) going-rate pricing
C) markup pricing
D) target-return pricing
E) perceived-value pricing

Question

Quizplus · Accepted Answer

Markup pricing is the most elementary pricing method as it involves simply adding a markup percentage to the cost of the product or service to determine the selling price. This method does not take into account factors such as competition or customer perceived value.

Which of the Following Is the Most Elementary Pricing Method