markup refers to
A) the difference between the final selling price and how the customer values the product.
B) selling brand name merchandise at lower than regular prices.
C) the amount added to the cost the retailer paid for a product to reach the final selling price.
D) the difference between the retail cost and initial selling price.
E) the reduction in retail price, usually expressed as a percentage equal to the amount reduced, divided by the original price, and multiplied by 100.
Correct Answer:
Verified
Q186: Another term for gross margin is
A)original markup.
B)markdown.
C)return
Q186: Q188: maintained markup refers to Q189: Q190: retailing mix refers to the activities related Q192: difference between the final selling price and Q193: developing marketing strategies,marketing managers use the elements Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A) the difference between