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Standard Markup

Question 51

Multiple Choice

Standard markup:


A) adjusts the price of a product so that it is "in line" with that of its largest competitor.
B) sets the price of a line of products at a number of different price points.
C) is the difference between selling price and cost, divided by cost.
D) sets prices to achieve a profit that is a specified percentage of the sales volume.

Correct Answer:

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