HORTICULTURE SCIENCE
FLORICULTURE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The pricing method based on 40% of retail selling price is
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retail cost of goods
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wholesale pricing
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ratio markup
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nesting pricing
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Explanation:
Detailed explanation-1: -Wholesale pricing is the price customers pay for products and services when buying bulk. Retail pricing, on the other hand, is the price businesses charge customers when they purchase products or services.
Detailed explanation-2: -A good pricing strategy to use for wholesalers is a cost-plus pricing model. The price of the product is set by looking at all the costs for the specific product plus an additional profit margin. This could be 5% but also 50%.
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