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Supermarket Managers Use Standard Markup Pricing Because It Is Particularly

Question 12

Multiple Choice

Supermarket managers use standard markup pricing because it is particularly suited to situations when


A) there is a large number of products and estimating the demand for each would be difficult and time consuming.
B) there is a large number of product lines, all with basically the same product attributes.
C) there is a specific profit goal that needs to be achieved.
D) there is a policy of selling every item in a product line at the same price regardless of the product class.
E) the products are perishable or seasonal.

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