Which of the following bases for pricing is most commonly used by retailers?
A) Negotiated pricing
B) Markup pricing
C) Demand-based pricing
D) Cost-plus pricing
E) Differential pricing

Question

Quizplus · Accepted Answer

Markup pricing is most commonly used by retailers. This method involves adding a certain percentage (markup) to the cost of the product to determine the selling price. It is a simple and easy-to-understand pricing method that allows retailers to maintain consistent profit margins.

Which of the Following Bases for Pricing Is Most Commonly