Asked by
Verified
A maximizing current profit pricing objective implies that a company chooses to
A) set targets for which performance can be measured quickly.
B) give up immediate profit in exchange for achieving a higher market share in hopes of penetrating competitive markets.
C) set a profit goal that is often determined by its board of directors.
D) reduce investment in any further market or product research.
E) set prices based on return on sales.
Maximizing Current Profit
A business strategy that focuses on generating the highest possible profit in the short term, sometimes at the expense of long-term viability.
Pricing Objective
The financial and marketing goals a company aims to achieve through its pricing strategies.
Profit Goal
A profit goal is a target set by a business for the net income it aims to achieve within a specific period, often driving strategy and decision-making.
- Perceive the different pricing policies that businesses may decide on, comprising maximizing profits in the near term, managing for steadiness in profit over the long haul, aiming for a specific financial achievement, and survival assurance.
Verified Answer
Learning Objectives
- Perceive the different pricing policies that businesses may decide on, comprising maximizing profits in the near term, managing for steadiness in profit over the long haul, aiming for a specific financial achievement, and survival assurance.
Related questions
RadioShack, an Electronics Retail Chain, Couldn't Compete with the Prices ...
Some Firms Pursue a ________ Pricing Objective, Perhaps Using Discounting ...
Several Pricing Objectives Relate to a Firm's Profit ...
A Firm May Forgo a Higher Profit on Sales and ...
Three Different Pricing Objectives Relate to a Firm's Profit ...