Why is markup pricing most likely popular?
A) Sellers are more certain about demand than about costs.
B) Markup pricing tends to maximize market competition.
C) Markup pricing affords buyers greater bargaining power.
D) Sellers do not need to make frequent adjustments as demand changes.
E) Markup pricing is designed to set prices to break even on the costs of making and marketing a product.

Question

Quizplus · Accepted Answer

Markup pricing is popular because it simplifies pricing by allowing sellers to set a consistent price above cost, reducing the need for frequent adjustments as demand changes.

Why Is Markup Pricing Most Likely Popular