Standard Markup Is Considered to Be a __________ Approach to Pricing

question 397

Multiple Choice

Standard markup is considered to be a __________ approach to pricing.

• A)demand-oriented
• B)cost-oriented
• C)profit-oriented
• D)competition-oriented
• E)service-oriented

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Definitions:

Reasoning

The mental process of generating conclusions, judgments, or inferences from facts or premises.

Values

Fundamental beliefs or principles that guide behavior and decision-making.

Beliefs

Mental attitudes or positions held by individuals that something is true or exists, even without empirical evidence.

Intentions

Plans or objectives that a person intends to accomplish or bring about.