Which of the following statements about markup pricing is ...

[PhilipSeeMore]

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.

[Sierray]

Answer to Question 1

A

Answer to Question 2

E

[PhilipSeeMore]

Great answer, keep it coming

[pangili4]

Thanks for the timely response, appreciate it