Markup pricing is not used often by marketers because establishing a percentage markup greatly increases the complexity of the decision-making process.

Name: Markup pricing is not used often by marketers because establishing a percentage markup greatly increases the complexity of the decision-making process.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Markup pricing is actually a common method used by marketers because it simplifies the pricing process by applying a fixed percentage over the cost to determine the selling price.

Markup Pricing Is Not Used Often by Marketers Because Establishing