Asked by Kaden Evans on Apr 24, 2024
Verified
The price that a manufacturer charges a retailer for an item is the wholesale price.
Wholesale Price
The price that manufacturers charge the retailer.
- Determine the monetary consequences in the context of markup and pricing approaches.
Verified Answer
A-
AM - 09ZZ - AEC South (2392)5 days ago
Final Answer :
True
Explanation :
This statement is true. The wholesale price is the price that a manufacturer charges a retailer for a product. The retailer will then mark up the price to cover their costs and make a profit, resulting in the final retail price.
Learning Objectives
- Determine the monetary consequences in the context of markup and pricing approaches.