Which of the Following Is a TRUE Statement About Markups

question 252

Multiple Choice

Which of the following is a TRUE statement about markups?

• A) A firm can lose money even when using a high markup.
• B) Markup percents are computed as a percent of the cost of the product.
• C) It's easier for a producer to administer the prices consumers pay for products if the markup used varies from one intermediary to the next.
• D) The lower the markup, the lower the profit.
• E) None of these statements about markups is true.

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