_____ is a variation of cost-oriented pricing which is commonly used in retailing.
A) Cost-plus pricing
B) Markup pricing
C) Rate-of-return pricing
D) Bundle pricing

Question

Quizplus · Accepted Answer

Markup pricing is commonly used in retailing, where the retailer adds a markup (a percentage or fixed amount) to the cost of the product to determine the selling price. This method ensures that the retailer earns a profit while still remaining competitive in the market. Cost-plus pricing is also a form of cost-oriented pricing but is more commonly used in manufacturing and service industries. Rate-of-return pricing is more commonly used in regulated industries such as utilities. Bundle pricing involves pricing a group of products together at a discounted rate.

_____ Is a Variation of Cost-Oriented Pricing Which Is Commonly