Why is markup pricing most likely impractical?
A) Calculating costs is complicated due to fluctuations.
B) By tying the price to cost, sellers oversimplify pricing.
C) When all firms in the industry use this pricing method, prices tend to be similar.
D) The method ignores demand and competitor prices.
E) With a standard markup, consumers know when they are being overcharged.
D
You might also like to view...
Two people own a piece of land together and share profits associated with renting the property but have agreed that neither can sell the property without the consent of the other. What is the legal form of business arrangement that applies here?
A) a sole proprietorship B) a partnership C) a limited partnership D) a corporation E) a joint venture
"Having a focused work center is like having a plant within a plant." Discuss. Include in your discussion what conditions make focused work centers appropriate
What will be an ideal response?