The most elementary pricing method is to add a standard ________ to the product's cost.
A) target margin
B) target price
C) markup
D) margin
E) target-return

Question

Quizplus · Accepted Answer

Markup pricing is adding a standard percentage or dollar amount to the cost of a product to get the selling price. This method is easy and straightforward to apply, making it the most elementary pricing method.

The Most Elementary Pricing Method Is to Add a Standard