Target Profit Pricing Is

question 164

Multiple Choice

Target profit pricing is:

• A)setting a price based on a specific annual dollar target volume of profit.
• B)setting the price of a line of products at a number of different price points.
• C)adding a fixed percentage to the cost of all items in a specific product class.
• D)setting prices to achieve a profit that is a specified percentage of the sales volume.

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Definitions:

Bias

A prejudice in favor of or against one thing, person, or group compared with another, usually in a way considered to be unfair.

Bias

An inclination or prejudice for or against one person or group, especially in a way considered to be unfair.

Sociological Research

The systematic study of societies and social behavior, employing various methods to collect and analyze data to understand social phenomena.

Validity

The degree to which a measure actually measures what it is intended to measure.