The Most Commonly Used Pricing Method for Business Products Is

question 8

Multiple Choice

The most commonly used pricing method for business products is

• A) target return on investment.
• B) customary.
• C) standard markup.
• D) target profit.
• E) cost-plus pricing.

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Definitions:

Trade Embargo

A government-imposed restriction on trade with a specific country or the exchange of specific goods.

Tariff

A tax imposed on imported goods to regulate trade by increasing the price of foreign products.

Quantity Demanded

The actual amount of a good or service consumers are willing to buy at some specific price.

Importing Country

A country that buys goods and services from other countries for domestic consumption or use.