In Price Planning, a Firm Would Be Most Likely to Set

question 26

Multiple Choice

In price planning, a firm would be most likely to set a profit objective for which of the following products?

• A) a commodity such as coal
• B) toothpaste
• C) a fad such as Beanie Babies
• D) lightbulbs
• E) construction materials

---

Definitions:

Ratio

An arithmetic ratio that illustrates the frequency with which one number incorporates another, depicting how many times one value is contained within another.

Equivalent Ratio

Ratios that express the same relationship between numbers, despite being scaled differently.

Smallest Term

The minimum value or term in a set, sequence, or collection of numbers or values.

Ratio

A link between two digits signifying the frequency with which the first digit embodies the second.