What Is the Term for the Practice of Marking Up

question 56

Multiple Choice

What is the term for the practice of marking up prices by 100 percent (or doubling the cost to set the selling price) ?

• A)margin pricing
• B)keystoning
• C)mark-on adding
• D)formula doubling

---

Definitions:

Critical Facts

Critical facts are essential or highly important pieces of information that are pivotal in understanding or solving a particular problem or situation.

Reflecting Skills

Communication techniques used to mirror the emotions or content expressed by a speaker, validating their experiences and feelings.

Active Listening

A way of listening and responding to another person that improves mutual understanding, often involving attention to the speaker's words, body language, and emotions.

Genuineness

The quality of being open, authentic, and honest in one's interactions, viewed as a crucial aspect in building trust in therapeutic relationships.