Which of the Following Is an Example of an Objective

question 39

Multiple Choice

Which of the following is an example of an objective?

• A) Diversify product line to appeal to more people.
• B) Increase sales by 10% over last year.
• C) Pay highest salaries to keep high quality employees.
• D) Develop and sell quality appliances worldwide.
• E) Divide a sales region into a group of sales districts.

---

Definitions:

Income Bundle

A combination of goods and services that a consumer can purchase with their available income.

New Prices

The latest prices for goods or services, updated from previous values due to factors such as inflation, demand, or production costs.

Utility Function

A representation of a consumer's preference ranking over a set of goods and services, quantifying the satisfaction from each possible choice.

Reservation Price

This is another term for reserve price, meaning the lowest price at which someone is willing to sell a good or service.