TopKnotch Mfg

question 6

Multiple Choice

TopKnotch Mfg.Co.has a production cost of $280.It sells its product to a wholesaler for $400.The wholesaler then sells the item to retailers for $500 and the retailers sell the item for $1,000.Which of the following is true about this markup chain?

• A)The wholesaler's markup is 25 percent.
• B)The manufacturer is taking a markup of 30 percent.
• C)The retailers' markup is 100 percent.
• D)None of these answers is correct.

---

Definitions:

Primary Reinforcers

Basic needs or stimuli such as food, water, or warmth that are naturally rewarding and motivate behavior without learning.

Fixed-interval

A schedule of reinforcement where responses are reinforced after a specified amount of time has passed, used in the study of behavior.

Variable-interval

In operant conditioning, a reinforcement schedule in which a response is rewarded after an unpredictable amount of time has passed.

Fixed-ratio

A schedule of reinforcement where a response is reinforced only after a specified number of responses.