Which of the following basis for pricing is most commonly used by retailers?
A)Negotiated pricing
B)Markup pricing
C)Demand-based pricing
D)Cost-plus pricing
E)Differential pricing

Question

Which of the following basis for pricing is most commonly used by retailers? ​
A)Negotiated pricing
B)Markup pricing
C)Demand-based pricing
D)Cost-plus pricing
E)Differential pricing

Quizplus · Accepted Answer

Markup pricing is the most commonly used basis for pricing by retailers. It involves adding a predetermined markup to the cost of the product to arrive at a selling price. This is a simpler and more straightforward method of pricing compared to demand-based or differential pricing, and it ensures that retailers can cover their costs and make a profit on each sale.

Which of the Following Basis for Pricing Is Most Commonly