What Type of Pricing Objective Would an Organization Use If

question 101

Multiple Choice

What type of pricing objective would an organization use if it were in a favorable position and desired nothing more?

• A) Return on investment
• B) Cash flow
• C) Profit
• D) Status quo
• E) Survival

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Definitions:

Binding Constraint

A restriction or limitation that affects the feasibility or optimization of a decision or system.

Market Equilibrium

A state where the quantity of goods or services supplied is equal to the quantity demanded at a particular price.

Standard Of Living

The scale of monetary assets, amenities, worldly possessions, and survival necessities allotted to a distinct class or demographic region.

Market Shortage

A situation where the demand for a product exceeds its supply in the market, leading to scarcity.