It costs Custom Design, Inc., $10 to make a brass and copper candleholder. It sells the candleholder to a wholesaler for $16. The wholesaler sells the candleholder to a gift shop for $20. The gift shop prices the candleholder at $45. What was the markup on selling price for each member of this product's channel of distribution?
What will be an ideal response?
Manufacturer $16 ? $10/$16 = 37.5 percent
Wholesaler $20 ? $16/$20 = 20 percent
Retailer $40 ? $20/$40 = 50 percent
You might also like to view...
In moving from the measurement model to the structural model the exogenous constructs each
become endogenous. Indicate whether the statement is true or false
Job ______ is at the core of human resource management. It is the basis of just about everything that human resources does.
A. expansion B. design C. analysis D. simplification
Inventory control is the process of managing ______, work in process, finished goods, and in-transit goods.
a. raw materials b. inventory c. resources d. services
Department stores attempt to accomplish the benefits of both centralization and decentralization in which retail organizational form?
a. diversified retailing b. main store control c. separate store d. equal store