What is the biggest advantage associated with markup pricing?
A) its inability to be decoded by customers
B) its reliance on marginal costs
C) its simplicity
D) the fact that merchandise is never underpriced with this technique

Question

Quizplus · Accepted Answer

The biggest advantage of markup pricing is its simplicity. It is easy to calculate and implement, making it ideal for small businesses or those with limited resources for pricing analysis.

Answer: D
 While markup pricing may not guarantee that merchandise is never underpriced, it does provide a certain level of protection against this. By setting a specific markup percentage, businesses can ensure they are making a profit on each item sold.

What Is the Biggest Advantage Associated with Markup Pricing