The most popular method used by wholesalers and retailers in establishing a sales price is _____ pricing.
A) markup
B) status quo
C) formula
D) marginal revenue
E) break-even

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.

The Most Popular Method Used by Wholesalers and Retailers in Establishing