Welcome to the 1520 Perfect Dictionary
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| Mark up (1) | |
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| MARK UP (1) Definitions: i. An increase in the price of something based on the difference between the cost of producing it and the price it is sold at. ii. An increase in the price of a thing. ______________________________________________________________________ * All four elements should be in. 1. Purposeful and necessary. 2. Justifiable by market forces or economic parameter(s), not only by seller's consideration. 3. Increase doesn't make thing generally 'out of reach'. That is, increase is considered reasonable (connect to #2 #4). 4. Achieves objective(s) or serves purpose(s). ________________________________ See perfect MARK DOWN (1). See perfect PROFIT MARGIN. See perfect INCREASE (1). See perfect MARK UP (2). See perfect PROFIT-TAKING. | |
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1520 Products was established in 2005 with the purpose of entertaining and teaching us on key and important aspects of life (such as marriage, sex, etc) through the playing of games which will allow us to laugh but at the same time pass a message of what is the right or ideal way. |
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