According to the text, the cost-plus-markup procedure
A) is the only sensible way to set prices.
B) is a sure-fire way to ruin a business.
C) is a general rule of thumb for price searchers.
D) can be practiced only by price takers.
C
Economics
You might also like to view...
A country has a trade surplus when
A) imports exceed exports. B) imports equal exports. C) exports exceed imports. D) imports equal zero.
Economics
Money does not solve the double coincidence of wants problem unless it is generally acceptable
a. True b. False Indicate whether the statement is true or false
Economics