What percentage of the retail price of the outer enclosure may an organization retain?

Study for the Oklahoma Funeral State Law Exam with our online resources. Use flashcards and multiple choice questions, each with hints and explanations. Prepare confidently for your test!

In Oklahoma, the percentage that an organization may retain from the retail price of an outer enclosure, such as a burial vault or grave liner, is defined by the state's regulations governing funeral services. The correct answer is that an organization may retain 35% of the retail price of the outer enclosure. This guideline ensures that funeral service providers have a standard framework within which they can operate while also maintaining transparency with consumers regarding pricing.

The rationale for allowing a specific percentage to be retained is to cover administrative costs, sales and marketing expenses, and other overheads associated with the service being provided. By adhering to this percentage, organizations can sustainably conduct their business while also providing consumers with clear expectations about pricing.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy