A Company Objective That Can Be Implemented by Focusing on Target

question 26

Multiple Choice

A company objective that can be implemented by focusing on target profit pricing, maximizing profits, or target return pricing is called:

• A)sales orientation.
• B)customer orientation.
• C)profit orientation.
• D)marketing orientation.
• E)competitor orientation.

---

Definitions:

Credit Collections

The process of pursuing payments of debts owed by individuals or businesses, typically undertaken by a department or agency.

Required Return

The minimum return an investor expects to achieve on an investment to consider it worthwhile.

Float Period

The time between when an individual writes and submits a check and when the check is cleared from the account.

Credit Sale

A transaction in which the buyer is allowed to take possession of goods or services before payment is made, typically under agreed terms of payment.