Which of These Would Be an Example of an Objective

question 208

Multiple Choice

Which of these would be an example of an objective in Step 1 of the price-setting process?

• A) We need to set an initial price of $259 per unit.
• B) We need to obtain a 10 percent market share.
• C) We need to find the least expensive distributor.
• D) We need to make allowances for large quantity orders.
• E) We need to increase the price during the holiday shopping season.

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Definitions:

Finance

The study and management of money, investments, and other financial instruments. It involves the processes of creating, managing, and investing capital.

Asset

An economic resource that an individual, corporation, or country owns or controls with the expectation that it will provide future benefit.

Financial Assets

Assets such as stocks, bonds, bank deposits, or any other instrument that derives value because of a contractual right or ownership claim.

Future Cash Flows

The estimated amount of money to be received or paid out over a specified future period by an investment or business operation.