Fidelity Corp

question 176

Multiple Choice

Fidelity Corp. earned a 6 percent return on investment last year and wants to increase it to 10 percent this year. Which of the following pricing objectives is Fidelity seeking?

• A) Target return
• B) Growth in sales
• C) Growth in market share
• D) Maximize profits
• E) Nonprice competition

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Definitions:

Strategic Plans

A systematic process of envisioning a desired future, and translating this vision into broadly defined goals or objectives and a sequence of steps to achieve them.

Single-use Plans

Specific plans developed to achieve a particular goal that is not expected to recur, used for unique or non-routine situations.

Strategic Plans

Documents or frameworks that outline an organization's long-term goals and the actions needed to achieve them, taking into account external and internal environments.

Action Directions

Strategic or operational steps taken by an organization to achieve its goals, often involving specific tasks, resources, and timelines.