Markup

. Budgeting: Line-by-line review of a budget for approval, disapproval, or modification by a committee formed for the purpose.

2. Distribution: Difference in prices at different stages (price points) between a producer and the ultimate buyer.

3. Pricing: Amount added to the cost price of an item to cover incidental costs (interest, labor, taxes, utilities) and to provide for profit in the item’s selling price.