To Increase the Popularity of Its New Range of Smartphones,GizmoPro

question 22

Multiple Choice

To increase the popularity of its new range of smartphones,GizmoPro Inc.,a mobile phone manufacturer,offered several other products for free to customers who bought the smartphones.However,the management of GizmoPro Inc.soon found this to be an unsustainable practice.The company then decided to offer discounts on the products instead of giving them for free.These actions of the management of GizmoPro Inc.are aimed at:

• A)​market share pricing.
• B)profit maximization.
• C)demandorientation.
• D)​sales maximization.

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Definitions:

Savings Account

a bank account that earns interest and is typically used for holding money not intended for daily expenses.

Quarter-end Payments

Financial transactions or payments due at the end of each quarter of a fiscal year.

RRSP

A financial plan in Canada designed to help individuals save for retirement, offering tax advantages.

Compounded Monthly

Interest that is calculated on the principal and the previously earned interest on a monthly basis, leading to the accumulation of increasingly larger amounts.