Many people feel that pricing is fairer to both buyers and sellers.Sellers earn a fair return on their investment but do not take advantage of buyers when buyers' demand becomes great.
A)skimming
B)elasticity
C)markup
D)inelasticity
E)penetration

Question

Quizplus · Accepted Answer

Markup pricing is based on adding a predetermined margin, or markup, to the cost of a product to determine its selling price. This pricing strategy allows sellers to earn a fair return on their investment while still ensuring that buyers are paying a fair price. As demand increases, sellers can adjust their markup accordingly to maintain profitability without taking advantage of buyers with inflated prices.

Many People Feel That Pricing Is Fairer to Both Buyers