If Inflation Is Expected to Be 9 Percent,how Long Will

question 18

Multiple Choice

If inflation is expected to be 9 percent,how long will it take for prices to double?

• A) 6 years
• B) 7 years
• C) 8 years
• D) 12 years
• E) 18 years

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Definitions:

Target Return-on-sales Pricing

Target return-on-sales pricing is a pricing strategy where the price is set based on a specific target for the percentage return on sales.

Target Profit Pricing

A pricing strategy in which the selling price of a product is determined by adding a desired profit to the cost of making the product.

Price Premium

The extra amount consumers are willing to pay for a product due to perceived added value or quality.

Market Share

The percentage of total sales or revenue in an industry generated by a specific company, indicating its size and competitiveness in the market.