Price

In a retail business, what number do yo get by subtracting expenses from sales (revenue)?

Market share is typically higher for the business with the lowest price.

Movie Theaters sell slushies for $6. The cost to them is $0.25. What is the markup percentage?

If a product costs $10 and the selling price is $15, the markup percentage would be

To a retail business owner, what is "cost"?

The higher the price the lower the demand.

What are loss leaders designated to do?

What report would you look at to find the sales for a week?

Price fixing

In a retail business, what number do you get by subtracting an items cost from it's retail price?

If a company sets a price too high, the following is likely to occur