Dixie Furniture Company Has Recently Moved to a New,larger Location

question 3

Multiple Choice

Dixie Furniture Company has recently moved to a new,larger location.At this new location,it has been unable to attract sufficient customers.Its owner did not have the cash to pay the current loan installment due on the building and inventory,so he decided to reduce all merchandise prices by at least 50 percent for a weekend sale to earn enough to make his loan payment.His pricing objective can be classified as:

• A) market share maximization.
• B) satisfactory profits.
• C) asset maximization.
• D) sales maximization.
• E) target ROI.

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Definitions:

Profit Sharing

A corporate program that gives employees a share in the company's profits based on its earnings.

Billable Hours

The amount of an employee's work time that can be charged to a client, often used in legal and consultancy services to calculate fees.

Net Income

The remaining earnings of a business after subtracting all expenses, taxes, and costs from the gross revenue.

Profit Sharing

A company policy where employees receive a share of the company's profits based on its earnings, serving as an incentive and reward for employee performance.