An "All the Traffic Will Bear" Pricing Objective Is a ______________

question 109

Multiple Choice

An "all the traffic will bear" pricing objective is a ______________ objective.

• A) target return
• B) profit maximization
• C) growth in market share
• D) meeting competition
• E) nonprice competition

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Definitions:

Corporation by Estoppel

A legal doctrine preventing one from denying the corporate status of an entity to escape liability after having treated it as a corporation.

Novation Clause

A legal provision that allows an original contract to be replaced with a new contract, wherein a new party takes on the obligations of one of the original parties.

Office Support Staff

Employees who perform a variety of administrative and clerical tasks to support the operations of an office.

Organizational Meeting

The initial meeting held by the incorporators or directors of a new corporation to complete the formation of the corporation and to establish its internal affairs.