When Price Is Set and Used with the Aim of Maximising

question 51

Multiple Choice

When price is set and used with the aim of maximising sales, cash flow and/or profits, we may say that the pricing objective is primarily:

• A)operations-oriented
• B)patronage-oriented
• C)revenue-oriented
• D)production-oriented
• E)consumption-oriented

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Definitions:

Act On Them

To take action or respond based on specific ideas, feelings, or information.

New Opportunities

Fresh ventures or conditions that present potential for profit and growth in a business or personal context.

Corporate Entrepreneur

An individual within a corporation who promotes innovation and new business development, similar to an entrepreneur within a startup.

Competitive Position

A business's standing or ranking among its competitors in the market, often determined by its competitive advantage.