The use of a variable markup policy on a systematic basis is referred to as _____.
A)direct product profitability
B)administered pricing
C)pricing at the market
D)unit pricing

Question

Quizplus · Accepted Answer

Administered pricing is a pricing strategy in which a company sets prices based on its own costs and market conditions, rather than on the prices of competitors. This strategy is often used by companies that have a strong market position and can afford to set prices above the market price.

The Use of a Variable Markup Policy on a Systematic