What Is the Definition of Markup

question 10

Multiple Choice

What is the definition of markup?

• A)The markup is a percentage applied to base cost.
• B)The markup is an absolute rule.
• C)A major advantage of markup pricing is that standard markups are easy to apply.
• D)The markup can be calculated using a variety of bases.

---

Definitions:

Disjunctive

Pertaining to a relationship or situation involving a choice between mutually exclusive options.

Free Rider

An individual who benefits from resources or services without contributing to their cost or maintenance.

Compulsory

Required by law or a rule; obligatory, leaving no option for avoidance.

Conjunctive Task

A task in which the performance of the group is determined by the performance of the least efficient member.