What I KnowBlessed day! Before we proceed, please answer the following items below.Your score will determine if you need to proceed with the module or not. Write youranswers on your answer sheet.1. It is the money exchanged for the ownership of good or service.
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2. It is where products are sold.
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3. If Hanna bought a T-shirt at 135.00 and has a mark-up of 70.00. How much is theselling price?
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4. In case Hanna sell the T-shirt at 130.00. How much losses did she incur?A. 25.00B. 15.00C. 5.00D. 35.00
5. The company made no profit and incur no loss.
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6. A pricing strategy that allows the seller a fixed markup everytime the product is sold.
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7. These are used in the manufacturing of shirt such as fabric, thread and buttons.
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8.Marketing intermediaries are also calledA. DisturbanceB. ChannelC. Distribution channelsD. Distribution