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How does a business determine the markup on a product or service? by matching the closest competitor by checking online prices by calculating the profit that will keep the busin…

How does a business determine the markup on a product or service? by matching the closest competitor by checking online prices by calculating the profit that will keep the busin…
asked 173k views
11 votes
How does a business determine the markup on a product or service?

by matching the closest competitor

by checking online prices

by calculating the profit that will keep the business going

by considering how much the product is worth to the consumer

asked
User Jeyanthinath
by
7.5k points

1 Answer

12 votes

Answer:

By calculating the profit that will keep the business going

answered
User Abid Ali
by
8.4k points
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