A major advantage of markup pricing is that standard markups are easy to apply.

Name: A major advantage of markup pricing is that standard markups are easy to apply.
Brand: Quizplus
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Quizplus · Accepted Answer

Markup pricing involves adding a percentage markup to the cost of a product or service to arrive at its selling price. This markup can be standardized and easily applied to all products or services, which makes pricing decisions simpler and more consistent.

A Major Advantage of Markup Pricing Is That Standard Markups