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:

Quadrupled

Quadrupled in amount or worth.

Trade Deficit

A situation that occurs when a country imports more goods and services than it exports, resulting in a negative balance of trade.

Billions

A numerical value equal to one thousand million (1,000,000,000) in the short scale used by most English-speaking countries.

Selling Abroad

The act of marketing and selling products or services outside one's own country.