Adding a fixed percentage to the cost of all items in a specific product class is referred to as
A)target profit pricing.
B)target return-on-investment pricing.
C)standard markup pricing.
D)customary pricing.
E)everyday low pricing.

Question

Quizplus · Accepted Answer

Adding a fixed percentage to the cost of all items in a specific product class is referred to as standard markup pricing. Target profit pricing refers to setting prices to achieve a specific profit objective, while target return-on-investment pricing involves setting prices to achieve a specific ROI target. Customary pricing refers to prices that are based on tradition or past prices, while everyday low pricing involves offering consistently low prices without the need for coupons or promotions.

Adding a Fixed Percentage to the Cost of All Items