Which of the Following Is True of Objectives

question 4

Multiple Choice

Which of the following is true of objectives?

• A) Objectives should be realistic and challenging.
• B) Secondary objectives relate directly to profit.
• C) Individual objectives apply to specific units of the organization.
• D) All objectives in an organization are of same importance.
• E) Objectives should have an unlimited time frame.

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Definitions:

Tying Arrangement

A business agreement in which the sale of one product or service is linked to the purchase of an additional product or service.

Exclusive Dealing

A sales strategy where a seller requires a buyer to purchase only its products and not those of competitors.

Vertical Price Fixing

An illegal practice where parties at different levels of the same supply chain (such as manufacturers and retailers) agree to set and maintain prices at a certain level.

Minimum Retail Price

The lowest price at which a retailer can sell a product, often set by the manufacturer to maintain market value.