When a seller's costs are usually determined during or after a product is made and then a specified percentage or dollar amount is added to the cost to establish a price, an organization is using ____ pricing.
A) markup
B) demand-based
C) differential
D) cost-plus
E) expense-based
Question 2
The three primary bases for developing prices are
A) profit, demand, and competition.
B) supply, demand, and marketing objectives.
C) demand, competition, and cost.
D) markup, cost, and cost-plus.
E) negotiation, periodicity, and randomness.
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