Despite its weaknesses,markup pricing remains popular for which of the following reasons
A) Sellers can determine demand much more easily than they can estimate costs.
B) By tying the price to cost, sellers make the pricing task more nuanced.
C) When all firms in the industry use markup pricing, price competition flourishes.
D) Sellers take advantage of buyers when the latter's demand becomes acute.
E) Many people feel that cost-plus pricing is fairer to both buyers and sellers.

Question

Quizplus · Accepted Answer

Markup pricing, or cost-plus pricing, is considered fairer because it ensures that sellers cover their costs and earn a reasonable profit, while buyers pay a price that reflects the cost of production.

Despite Its Weaknesses,markup Pricing Remains Popular for Which of the Following