Standard Markup Pricing Refers to

Multiple Choice

Standard markup pricing refers to

A) adjusting the price of a product so it is comparable with that of its largest competitor.
B) setting the price of a line of products at a number of different price points.
C) setting prices to achieve a profit that is a specified percentage of the sales volume.
D) increasing the price slightly to protect against undue profit losses from unforeseen environmental forces.
E) adding a fixed percentage to the cost of all items in a specific product class.