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Hippie High Is a Retail Store That Sells Reproductions of Clothes

question 25

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Hippie High is a retail store that sells reproductions of clothes worn in the 1960s and the 1970s.The store's owner does not take into account competition when pricing the store's clothing.The markup on all items in the store is 100 percent over cost (or double the cost) .What does Hippie High use?


Definitions:

Book Value

Book value is the net value of a company's assets found on its balance sheet, calculated by subtracting liabilities from the total assets.

Trademark

A symbol, word, or phrase legally registered or established by use as representing a company or product, providing legal protection against infringement.

Exclusive Right

A legal provision that grants someone the sole permission to perform a certain action, like selling a particular product or service.

Literary Work

A work of fiction or nonfiction, published or unpublished, that exists in written or printed form, or in electronic media.

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