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)Using markups makes pricing a time-consuming, difficult process.
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)Using markups makes pricing a time-consuming, difficult process.