Profit Maximization Pricing Objectives

question 173

Multiple Choice

Profit maximization pricing objectives:

• A) can only be achieved when the producer's price is high.
• B) may be in the interest of both producers and consumers.
• C) usually focus on low prices as that is what is required to draw in a larger base of customers.
• D) are never used in combination with penetration pricing.
• E) can only be achieved by using cost-plus pricing approaches.