Standard Markup Pricing Is Considered to Be a ________ Approach

question 313

Multiple Choice

Standard markup pricing is considered to be a ________ approach to pricing.

• A) demand-oriented
• B) profit-oriented
• C) cost-oriented
• D) competition-oriented
• E) service-oriented

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Definitions:

Restructure

To restructure is to organize differently, often referring to corporations modifying their business structure, debt, or operations to improve efficiency or solvency.

Illegal Contracts

Agreements that are void and unenforceable by law because they involve activities that are illegal.

Rescinds

The act of revoking, canceling, or annulling a contract or agreement.

Consideration

An item of value traded between entities within an agreement to make the contract enforceable by law.