Supermarket Managers Use Standard Markup Pricing Because It Is Particularly

question 12

Multiple Choice

Supermarket managers use standard markup pricing because it is particularly suited to situations when

• A) there is a large number of products and estimating the demand for each would be difficult and time consuming.
• B) there is a large number of product lines, all with basically the same product attributes.
• C) there is a specific profit goal that needs to be achieved.
• D) there is a policy of selling every item in a product line at the same price regardless of the product class.
• E) the products are perishable or seasonal.