Which of the Following Pricing Objectives Is a Producer Seeking

question 97

Multiple Choice

Which of the following pricing objectives is a producer seeking when the producer tries to obtain some percent return on his investment?

• A) Status quo
• B) Meeting competition
• C) Profit maximization
• D) Target return
• E) Growth in market share

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Definitions:

Base Pairs

The pairs of nitrogenous bases (adenine with thymine, and guanine with cytosine) that connect the two strands of a DNA molecule.

Genes

Units of heredity made up of DNA, responsible for guiding the process of creating the proteins that make up physical structures and regulate bodily functions.

Sperm and Ovum

The male and female gametes, respectively, whose union during fertilization results in the formation of a zygote, leading to pregnancy.

Zygote

The single cell formed from the union of two gametes, a sperm and an ovum.