What Type of Cost Is 'Mark-Up' Pricing Based On

question 4

Multiple Choice

What type of cost is 'mark-up' pricing based on?

• A) Fixed cost
• B) Variable cost
• C) Direct cost
• D) Indirect cost
• E) Marginal cost

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Definitions:

Strategic Plan

A method by which an organization deploys its resources to realize a goal.

Organization Resources

The assets, both tangible and intangible, that an organization utilizes to function and achieve its objectives.

Fallacy Of Popular Appeal

A logical fallacy that occurs when an argument is deemed true or false based on its popularity or the number of people who support it.

Intent Of Advertisements

The purpose or goal behind creating and distributing advertisements, often to promote products, services, or ideas.