A Maintained Markup Refers to

question 233

Multiple Choice

A maintained markup refers to

• A)the difference between the final selling price and the retailer's cost.
• B)the amount subtracted from the cost the retailer paid for a product to reach the initial selling price.
• C)the amount the manufacturer adds to achieve the desired suggested retail price.
• D)the net margin.
• E)the highest price listed on the product sales ticket.

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Definitions:

Location Economies

The cost advantage of performing each stage in the value chain at the lowest cost for that activity.

Multidomestic Strategy

A corporate strategy that involves a firm offering products or services that are tailored to suit the tastes and preferences of different local markets.

Local Level

Pertaining to a small, specific area, often a community or locality, focusing on localized issues, governance, or initiatives.

Location Economies

The economic benefits that firms gain by performing a particular activity in the optimal location for that activity.