What pricing method involves an inverse relationship between the markup and casket price?

The correct pricing method, characterized by an inverse relationship between the markup and casket price, is the declining price structure. In this method, as the price of the casket increases, the percentage markup decreases. This approach allows for more competitive pricing on higher-end caskets, potentially making them more appealing to consumers who may be considering the overall value of their purchase.

The declining price structure provides a way to attract customers by offering less markup on more expensive items while allowing for greater profit margins on lower-priced caskets. This pricing strategy can help address market expectations and consumer preferences, enabling funeral homes to align their pricing with the perceived value of the services and products offered.