Despite Its Weaknesses, Markup Pricing Remains Popular for Which of the Following

question 17

Multiple Choice

Despite its weaknesses, markup pricing remains popular for which of the following reasons?

• A) Sellers can determine demand much more easily than they can estimate costs.
• B) By tying the price to cost, the pricing task becomes more sophisticated.
• C) When all firms in the industry use markup pricing, price competition flourishes.
• D) Sellers take advantage of buyers when the latter's demand becomes acute.
• E) Many people feel that cost-plus pricing is fairer to both buyers and sellers.

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Definitions:

First-Person Pronouns

Pronouns that refer directly to the speaker or writer, such as "I," "me," "we," and "us."

Passive Voice

A grammatical construction where the object of an action becomes the subject of the sentence, often making the sentence less direct.

References Available

A statement indicating that the individual can provide contact information for people who can vouch for their abilities or character.

Online Searches

The act of using a web search engine to find information on the internet.