What Is the Biggest Advantage Associated with Markup Pricing

question 112

Multiple Choice

What is the biggest advantage associated with markup pricing?

• A)its simplicity
• B)its inability to be decoded by customers
• C)the way that the technique considers demand
• D)the fact that merchandise is never underpriced with this technique

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Definitions:

Accrued Expense

Expenses that have been incurred but not yet paid or documented in the financial statements.

Electric Bill

A statement that specifies the amount of money charged for the consumption of electricity over a specific period.

Paid

Refers to the settlement of an obligation or receipt of money or goods in exchange for services or goods provided.

Net Book Value

The current value of an asset or a company after subtracting total liabilities from total assets.