One of the most commonly used pricing tactics,markup pricing,is also referred to as
A)dynamic pricing.
B)profit margin pricing.
C)standard pricing.
D)cost-plus pricing.
E)profit-plus pricing.

Question

Quizplus · Accepted Answer

Markup pricing is also known as cost-plus pricing, as it involves determining the cost of producing a product and adding a markup (or profit margin) to arrive at the selling price. This pricing tactic is commonly used in industries such as manufacturing and retail, where the cost of goods sold is a significant factor in pricing decisions.

One of the Most Commonly Used Pricing Tactics,markup Pricing,is Also