Thompson Pool and Patio Is Known for Quality Pool Installations,excellent

question 40

Multiple Choice

Thompson Pool and Patio is known for quality pool installations,excellent customer service,and reasonable prices.If you want to have a Thompson pool,you will have to wait about six months due to demand for their product.While Thompson could probably price its product higher,given the demand,they don't.Instead,the company sets its price so that it will earn a reasonable level of profits.Thompson seems to base its pricing policy on:

• A) profit maximization.
• B) earning satisfactory profits.
• C) creating retained earnings.
• D) making the most money as possible.
• E) decreasing consumer demand.

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Definitions:

Financial Success

The achievement of financial goals and objectives, often measured by profitability, revenue growth, or market share expansion.

HR Department

The division within an organization that is focused on recruitment, management, and direction for the people who work in the organization.

Recruitment and Selection

The process of identifying, attracting, and choosing candidates for employment to meet organizational needs and objectives.

Knowledge Sharing

The practice of exchanging information, skills, or expertise among individuals or organizations to benefit all parties.