Setting an Annual Target of a Specific Dollar Volume of Profit

question 289

Multiple Choice

Setting an annual target of a specific dollar volume of profit is referred to as _________.

• A)target profit pricing
• B)target return on investment
• C)loss leader pricing
• D)at, above, or below market pricing
• E)yield management

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Definitions:

Discharged

Released or relieved from a duty, obligation, or liability, often used in legal or financial contexts.

Punitive Damages

Compensation awarded to a plaintiff beyond actual damages to punish the defendant for egregious conduct and deter future similar acts.

Substantial Performance

A principle in contract law that allows a contracting party to be considered as having fulfilled its obligations, so long as the crucial elements of the contract have been completed, even if minor details are unfinished.

Nominal Performance

A minimal or token action that barely meets the terms of a contract, often used to avoid breaching the agreement.