Standard Markup Pricing Is Frequently Used by Managers of Supermarkets

question 134

Multiple Choice

Standard markup pricing is frequently used by managers of supermarkets because it is particularly suited to situations when

• A)there is a large line of products all with basically the same product attributes.
• B)there is a large number of products and estimating demand for each would be difficult and time consuming.
• C)you have a specific profit goal you need to obtain by a specific date.
• D)you have a policy of selling every item in your line at the same price regardless of product class.
• E)your products are time sensitive especially to seasons or holidays.

---

Definitions:

French law

The legal system of France, which includes principles and laws applicable within the French territory, covering various aspects like civil, commercial, employment, and administrative law.

Collective bargaining

The process by which labor unions and employers negotiate contracts regarding wages, hours, benefits, and working conditions in an effort to reach a mutually acceptable agreement.

Workplace representation

The act of employees selecting individuals or bodies (such as unions or committees) to represent their interests and concerns to management.

France

A country in Western Europe known for its history, culture, and significant influence in art, science, and politics.