A Company That Views Pricing as a Static Element in a Business

question 41

Multiple Choice

A company that views pricing as a static element in a business decision:

• A) places a high priority on foreign business.
• B) sets prices to achieve specific objectives such as targeted return on profit.
• C) customizes its products for the foreign market.
• D) views domestic sales as an insignificant source of revenue.
• E) exports only excess inventory.

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Definitions:

Annual

Occurring once every year.

Absolute Value

The distance of a number from zero on the number line, without considering direction; always non-negative.

Solution

The number or collection of numbers that fulfill a given equation, inequality, or a set of equations.

Inequality

A mathematical statement that suggests a non-equivalence between two values or expressions.