In Cost-Plus Pricing,the Markup Component ________

question 81

Multiple Choice

In cost-plus pricing,the markup component ________.

• A) is a rigid number
• B) is ultimately determined by the market
• C) provides a means to calculate the actual selling price
• D) is the end rather than the start of pricing decisions

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Definitions:

Fixed Tariff

A preset tax or duty to be paid on particular imports or exports, which remains unchanged over a period regardless of economic conditions.

Ad Valorem Tariff

A type of tax calculated as a percentage of the value of the goods being imported or exported.