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

question 56

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, sellers make the pricing task more nuanced.
• 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.

---

Definitions:

Proposal Requirements

Specific criteria or conditions that need to be met in a proposal to ensure it is considered or accepted.

Submission Information

Details or data provided when submitting a document, application, or proposal for consideration.

Solicited Proposal

A proposal requested by a potential client or sponsor, often in response to a specific request or need.

RFP

RFP stands for Request for Proposal, a document issued by a company when it wants to buy a product or service and is inviting suppliers to bid.