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Oksi-84 [34.3K]
3 years ago
5

"________ is the difference between the average cost and price of all merchandise in stock as used by the middlemen."

Business
1 answer:
RSB [31]3 years ago
8 0

Answer:

Markup

Explanation:

Markup is defined as the difference that exists between the selling price of a product and the average cost that was used in its production

This information is used by middle men to estimate the amount of profit they can make on sale of a product.

Usually the markup cost is incorporated into the cost incurred by the producer as a percentage of a product's cost.

This ensures middle men make some profit

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<h3>What is a Business Plan? </h3>

This refers to the document that contains the operating steps that a company wants to take to achieve a set target.

Hence, we can see that Porter's model of business activities includes <u>linkage</u>, which are interactions across value activities.

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2 years ago
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Answer:

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3 years ago
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Answer:

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Economics is best defined as the study of how societies deal with
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The division of labor.

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What is Advertising , according to the American Marketing Association​
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