When a seller determines the selling price by adding to cost an amount for profit and expenses not previously accounted for,the seller is using _____ pricing.
A) profit maximization
B) demand-oriented
C) break-even
D) target return
E) markup

Question

Quizplus · Accepted Answer

Markup pricing does not directly analyze the costs of production;rather,is uses the cost of buying the product from the producer,plus amounts for profit and for expenses otherwise not accounted for.

When a Seller Determines the Selling Price by Adding to Cost