Pricing decisions of specialty stores are typically based on low markups on a high volume of products.

Question

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Specialty stores often focus on offering unique and specialized products that may not be available in other retail stores. As a result, pricing decisions of specialty stores are typically based on high markups on a low volume of products. This allows the store to maintain its uniqueness and exclusivity while also generating enough revenue to cover its operating costs.

Pricing Decisions of Specialty Stores Are Typically Based on Low