Aside from the services performed by the retailer, what determines the amount of markup a retailer adds to the product's cost?

Name: Aside from the services performed by the retailer, what determines the amount of markup a retailer adds to the product's cost?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The inventory turnover rate influences the markup because a higher turnover rate may allow for lower markups, while a lower turnover rate may require higher markups to cover costs and achieve desired profit margins.

Aside from the Services Performed by the Retailer, What Determines