Markup pricing is commonly used as a form of ________ pricing.
A) Cost plus
B) Cost positive
C) Cost favorable
D) Cost and more
E) All of the above

Question

Quizplus · Accepted Answer

Markup pricing is a type of cost plus pricing where the price is determined by adding a fixed percentage markup to the cost of producing or acquiring the product. It is a common method of pricing used in retail and wholesale businesses. Options B, C, and D are not commonly used terms in pricing strategies. E, All of the above, cannot be chosen as only one option is asked for.

Markup Pricing Is Commonly Used as a Form of ________