2. If a product has a cost price of $50 and the business applies a markup of 50%, the selling price would be
Anonymous Quiz
25%
A) 100
10%
B) $150
59%
C) $75
5%
D) $50
3. A retailer chooses his/her markup percentage typically based on
Anonymous Quiz
6%
A) industry norms
11%
B) competition
18%
C) market demandย
13%
D) desired profit margins
52%
E) all
"I've always felt that if you're not on your side, why should anyone else be. So I always encourage people to be confident, and sometime even a little falsely so, just so you can give yourself an opportunity."
โ Robert Downey, Jr.
#Quoteoftheweek
โ Robert Downey, Jr.
#Quoteoftheweek
Here's today quiz questions for you ๐ซต๐ผ
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1. In business, SKU is short for
Anonymous Quiz
6%
A) Singing karaoke uptown
87%
B) Stock keeping unit
6%
C) Smart key unlock
3. SKUs are used for
Anonymous Quiz
32%
A) Inventory management
22%
B) Sales tracking and analysis
46%
C) A and B
4. Any length character generated by a retailer for internal use
Anonymous Quiz
55%
A) Stock Keeping Unit (SKU)
30%
B) Universal Product Code (UPC)
15%
C) International Article Number (IAN)
5. Each SKU typically corresponds to a specific product variant, such as a different size, color, or model.
Anonymous Quiz
92%
A) True
8%
B) False
Michael Jordan has become the first professional athlete to join the Forbes 400 with a net worth of $3 billion
Although Jordan earned just $94 million in his 15 NBA seasons, he made billions from brand endorsements and investments over the years. His most recent yearly royalty check from Nike was around $260 million.
In August, Jordan sold his majority stake in the Charlotte Hornets which made him join the Forbes 400 list. Previously, he has involved in businesses such as car dealerships, restaurants, premium tequila brand and, equity investments.
@financialfreedommagazine
Although Jordan earned just $94 million in his 15 NBA seasons, he made billions from brand endorsements and investments over the years. His most recent yearly royalty check from Nike was around $260 million.
In August, Jordan sold his majority stake in the Charlotte Hornets which made him join the Forbes 400 list. Previously, he has involved in businesses such as car dealerships, restaurants, premium tequila brand and, equity investments.
@financialfreedommagazine
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โ Alicia Keys
#Quoteoftheweek
โ Alicia Keys
#Quoteoftheweek
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