Adding a Standard Mark-Up to the Cost of the Product

question 150

Short Answer

Adding a standard mark-up to the cost of the product is known as cost-________ pricing.

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Definitions:

Ongoing Basis

refers to activities or processes that occur continuously or regularly, without a predetermined end point.

Instrumental Aggression

Harm-seeking done to another person that serves some other goal.

Affective Aggression

Harm-seeking done to another person that is elicited in response to some negative emotion.

Aggression

Any physical or verbal behavior that is intended to harm another person or persons (or any living thing).