A local apparel shop sets prices by adding a 45 percent markup to the invoice price charged by the supplier. This method of pricing is known as _____ pricing.
a. cost-plus
b. breakeven
c. full-cost
d. incremental-cost
Answer: A
A local apparel shop sets prices by adding a 45 percent markup to the invoice price charged by the supplier. This method of pricing is known as _____ pricing.
a. cost-plus
b. breakeven
c. full-cost
d. incremental-cost
Answer: A