Which of These Would Be an Example of an Objective

question 198

Multiple Choice

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

• A) We need to estimate the demand for this new product.
• B) We can rely on our reputation to introduce this product.
• C) Experts are predicting a slowing global economy.
• D) We need to forget profits right now; just make sure we break even.
• E) We need to hire a professional accountant.

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Definitions:

Chief Executive Officer

The highest-ranking executive in a company or organization, responsible for making major corporate decisions.

Great Recession

A significant decline in global economic activity that occurred from late 2007 through 2009, considered the most severe economic downturn since the Great Depression.

Social Security

A government program that provides financial assistance to people with an inadequate or no income, especially the elderly, disabled, and unemployed.

Partnership

A business firm owned by two or more people.