The difference between the price for which travel agencies can obtain the service and the price they can charge when selling the service is called ____

A. commission
B. markup
C. discount
D. value-added service

Answer: B. markup

Business

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An insurer that is domiciled in Ohio and does business in Alabama is considered to be

A) an independent insurer B) a domestic insurer C) an alien insurer D) a foreign insurer"

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Kmart markets Route 66 brand clothing in its stores. Kmart stores are the only places where this brand is sold at the retail level. This is an example of what type of brand?

a. family b. manufacturer's c. private d. master

Business