Figure 11-2 -Figure 11-2 Represents the Four Approaches to Selecting an Appropriate

question 99

Multiple Choice

Figure 11-2
-Figure 11-2 represents the four approaches to selecting an appropriate price level.Box C includes target profit and target return on sales so it represents which approach?

• A) demand-oriented approach
• B) profit-oriented approach
• C) competition-oriented approach
• D) cost-oriented approach
• E) results-oriented approach

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Definitions:

Min

The smallest or least possible amount, quantity, value, or degree.

Pareto Optimal Allocation

A distribution of resources in which it is impossible to make any individual better off without making at least one individual worse off.

Endowed

Provided with a large amount of a resource or quality, often referring to financial grants given to institutions or individuals.

Units

The basic quantity or measurement, such as meter, kilogram, or liter, in terms of which something is considered or measured.