In business, the term markup refers to the amount added to an item's wholesale cost to determine its retail sales price. Each step in process from raw goods to finished product will typically see a markup in price. A keystone markup of a product is a markup that is equal its cost; in effect a doubling of the cost to determine the retail price.
See Also
| This is a SmallBusiness.com stub: This page has been started by a user, but it needs more information and formatting to be considered an entry. If you can help, please add information that will make this entry helpful. See: How to edit an entry.
|
