Adding a Certain Percentage to a Product's Wholesale Cost to Arrive

question 113

Multiple Choice

Adding a certain percentage to a product's wholesale cost to arrive at the retail price is known as which of the following type of pricing?

• A) markdown
• B) effective cost
• C) cost-effective
• D) markup

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Definitions:

Approach-Approach

A conflict situation where a person must choose between two desirable options.

Inner Conflict

Conflict within an individual; it might involve values, loyalties, or priorities; the pressure you feel when you are forced to make a choice.

Hardy Personality

A resilient personality type, characterized by the ability to meet challenges, a sense of commitment, and a feeling of being in control of life.

Control

The power to influence or direct people's behavior or the course of events.