Michael Is Opening a Tire Store

question 228

Multiple Choice

Michael is opening a tire store. He intends to set the price of tires based on determining the total cost of his purchase of one tire and then adding an amount to cover additional costs and profits. Michael is using ___ pricing.​

• A)​cost-based
• B)​additional markup
• C)​floor establishment
• D)​survival

---

Definitions:

Slave Power

Slave Power refers to the perception or reality of disproportionate political power held by slave owners in the United States, particularly in the antebellum South, affecting national decisions and policies.

Charles Sumner

An American politician and senator from Massachusetts, known for his deep commitment to the cause of civil rights and abolition of slavery.

Preston Brooks

A 19th-century American politician known for assaulting abolitionist Senator Charles Sumner in the Senate chamber, which intensified tensions leading up to the Civil War.

Lecompton Constitution

A proposed Kansas State Constitution, drafted in 1857, which would have allowed slavery in the state. It was contested and eventually rejected due to widespread opposition to its pro-slavery stance.