Which of the Following Is True About Markup Pricing

question 65

Multiple Choice

Which of the following is true about markup pricing?

• A) Prices are set a few dollars or a few cents below a round number to encourage the customers to think of the products as less expensive.
• B) A percentage is added to the retailer's invoice price to determine the final selling price of the product.
• C) Several products are sold together at a single price to connote value and convenience for customers.
• D) It is used most often to describe the pricing of jobs that are nonroutine and difficult to "cost" in advance.

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Definitions:

Increasing Order

A sequence arrangement from the lowest to the highest value, often used in chemistry to describe trends in properties or reactivities.

Acid-base Extractions

A technique in organic chemistry used to separate compounds based on their differences in solubility in acidic or basic environments.

Benzoic Acid

An aromatic carboxylic acid with the formula C6H5COOH, used in the manufacture of various cosmetics and pharmaceuticals.

Trichloroacetic Acid

A powerful acetic acid derivative (CCl3COOH), used as a reagent in organic synthesis and as a cauterizing agent in medicine.