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NEW QUESTION: 1
For each of the following statements, select Yes if the statement is true. Otherwise, select No.
NOTE: Each correct selection is worth one point.
Answer:
Explanation:
NEW QUESTION: 2
All of the following are objectives of pricing except:
A. Production maximization.
B. Image oriented objectives.
C. Profit maximization.
D. Stabilization.
Answer: A
Explanation:
Pricing objectives include>
1.Profit maximization, which assumes that all firms select the price that results in the highest profit
2.Target margin maximization, which is stated as a percentage ratio of profits to sales
3.Volume-oriented objectives, which refers to setting prices to meet target sales volumes or market shares.
4.image oriented objectives, which refers to setting prices to enhance the consumer's perception of the firm's merchandise mix
5.Stabilization objectives, which refers to setting prices to maintain a stable relationship between the firm's prices and the industry leader's prices Price setting is not a factor in maximizing production.
NEW QUESTION: 3
A. Option B
B. Option D
C. Option C
D. Option A
Answer: A
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