Total Revenue for Apple Computers (In Millions) Was $42,905 in Year

question 139

Multiple Choice

Total revenue for Apple Computers (in millions) was $42,905 in Year 1, $65,225 in Year 2, and $108,249 in Year 3. The average growth rate of revenue during these three years is the closest to ________.

• A) 36.13%
• B) 39.33%
• C) 58.84%
• D) 58.99%

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Definitions:

Pricing Objective

The financial and marketing goals a company aims to achieve through its pricing strategies.

Profit Goal

A profit goal is a target set by a business for the net income it aims to achieve within a specific period, often driving strategy and decision-making.

Achieving A Target Return

In finance and business, achieving a target return refers to the goal of obtaining a specific level of profit or return on investment over a given period.

Pricing Strategy

Pricing Strategy encompasses the methods and logic a company uses to set prices for its products or services, influencing demand, profitability, and market positioning.