Markup pricing is best suited for retailers and manufacturers that sell or produce a small number of products.

Question

Quizplus · Accepted Answer

Markup pricing is typically used by retailers and manufacturers that sell large numbers of products with standardized pricing. This method allows for easy calculation of profit margins and simplifies the pricing process. For businesses that sell or produce a small number of products, more complex pricing strategies, such as cost-plus pricing, may be more appropriate.

Markup Pricing Is Best Suited for Retailers and Manufacturers That