A major reason why retailers use markup pricing is that it is convenient.

Name: A major reason why retailers use markup pricing is that it is convenient.
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Markup pricing is convenient for retailers because it allows them to easily determine the selling price of a product based on a set markup percentage from the cost of the item. This method does not require as much analysis or consideration of market demand and competition compared to other pricing strategies.

A Major Reason Why Retailers Use Markup Pricing Is That