Standard markup pricing is considered to be a ________ approach to pricing.
A) demand-oriented
B) profit-oriented
C) cost-oriented
D) competition-oriented
E) service-oriented

Name: Standard markup pricing is considered to be a ________ approach to pricing. A) demand-oriented B) profit-oriented C) cost-oriented D) competition-oriented E) service-oriented
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Question

Quizplus · Accepted Answer

Standard markup pricing is a cost-oriented approach where a fixed percentage is added to the cost of the product to determine its selling price.

Standard Markup Pricing Is Considered to Be a ________ Approach