Author Question: Which of the following statements about markup pricing is correct? A) The use of similar markups ... (Read 94 times)

PhilipSeeMore · **on:** Jun 29, 2018

Which of the following statements about markup pricing is correct?
A) The use of similar markups reduces price competition.
B) Markup pricing is inconvenient to use.
C) Markup pricing results in a high price when demand is high and a low price when demand is low.
D) Markup pricing is a demand-based pricing method.
E) Using markups makes pricing a time-consuming, difficult process.

Question 2

Wet Seal, a retailer of swimwear, employs a commonly used cost-based pricing method called
A) value pricing.
B) cost-plus pricing.
C) cost discounting.
D) differential pricing.
E) markup pricing.