Which of the Following Describes a Disadvantage Associated with Markup

question 59

Multiple Choice

Which of the following describes a disadvantage associated with markup pricing?

• A) how difficult it is to implement
• B) its inability to consider product demand
• C) its dependence on marginal costs
• D) too many factors influence it
• E) none of these

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Definitions:

Employer Cost

The total expense borne by an employer to employ workers, including salaries, benefits, and taxes.

Net Pay

The amount of money an employee takes home after deductions like taxes and retirement contributions are subtracted from their gross pay.

Payroll

The total amount paid to employees for services rendered during a specific period, including wages, salaries, bonuses, and deductions.

Individual Employee Earnings Record

An accounting document that summarizes the total amount of wages paid and the deductions for the calendar year. It aids in preparing governmental reports. A new record is prepared for each employee each year.