Target Return-On-Sales Pricing Refers to

question 23

Multiple Choice

Target return-on-sales pricing refers to

• A)adjusting the price of a product so it is "in line" with that of its largest competitor.
• 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 revenue.
• E)setting a price oriented on a specific annual dollar target profit volume.

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Definitions:

Verbal Skills

The ability to communicate effectively and expressively using words, either verbally or in writing.

Enterprising

Showing initiative and willingness to undertake new projects.

Detail Oriented

The characteristic of being meticulous and precise, paying close attention to the fine points and specifics.

Conventional

Adhering to accepted standards, norms, or practices; not unusual, radical, or unconventional.