Organizations That Intend to Keep Their Prices Fixed as They

question 235

Multiple Choice

Organizations that intend to keep their prices fixed as they are content with their market share and profits will most likely adopt a _____ pricing objective.

• A) profit oriented
• B) monetary gain oriented
• C) sales oriented
• D) target return oriented
• E) status quo oriented

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Definitions:

Monetary Obligation

A monetary obligation is a legal requirement to pay a certain amount of money, often arising from contracts, loans, or fines.

Specific Goods

Items distinctly identified at the time a contract of sale is made, distinguishing them from other goods.

Perfection by Filing

A process in which a secured party files a financing statement with a public office, establishing the priority of their security interest over the claims of third parties regarding the same collateral.

Security Interest

A legal claim or right on assets granted to a creditor or a lender, to secure the repayment of a debt.