Gabriella Sax believes that customers in her dress shop find certain prices very appealing. Between these price levels, all prices are seen as roughly the same and price cuts in these ranges generally do not increase the quantity sold (i. e., the demand curve tends to drop vertically within these price ranges). With this in mind, Gabriella prices her items as close as possible to the top of each such price range. This is
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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 business going by considering how much the product is worth to the consumer
Answers: 3
Gabriella Sax believes that customers in her dress shop find certain prices very appealing. Between...
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