Which of the following statements is true of markup?
A)A marketer's markup exerts no influence on its image as perceived by customers.
B)Retailers who offer more services charge larger markups to cover their costs.
C)Markups typically are stated as percentages of net interest expenses.
D)Retailers with a lower turnover rate can make a profit by charging a smaller markup.

Question

Quizplus · Accepted Answer

Retailers who offer more services, such as personal shopping or free alterations, often charge larger markups to cover the additional costs associated with these services. This allows them to maintain profitability while providing the additional services. None of the other statements are true regarding markup.

Which of the Following Statements Is True of Markup