The Pricing Manager for Loblaws Tries to Ensure That the Difference

question 143

Multiple Choice

The pricing manager for Loblaws tries to ensure that the difference between their selling price and the price the manufacturer charges them is at least ten percent of the manufacturer's price.This is referred to as the:

• A)markup
• B)ten-percent strategy
• C)original markup
• D)manufacturer markup

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Definitions:

Tax Burden

The total amount of taxes paid by an individual, corporation, or sector, often expressed as a percentage of income or GDP.

Price Paid

The amount of money exchanged for a good or service.

Consumers

Individuals or groups that purchase goods and services for personal use.

Excise Tax

A specific tax levied on the sale or consumption of particular goods, such as alcohol, tobacco, and gasoline.