________ require that a certain percentage markup be applied to all products.
A) Fair trade laws
B) Minimum markup laws
C) Partnership laws
D) State fair trade laws
E) Criminal laws

Question

Quizplus · Accepted Answer

Minimum markup laws require that a certain percentage markup be added to the cost of a product, to prevent businesses from selling goods at a loss or below cost, thus hurting smaller competitors. These laws vary depending on the state or province.

________ Require That a Certain Percentage Markup Be Applied to All