If a Company's Pricing Objective Is to Meet the Competition

question 87

Multiple Choice

If a company's pricing objective is to meet the competition or to maintain existing prices,it is using _____ pricing.

• A) head-on
• B) target return on investment
• C) status quo
• D) market share
• E) demand-oriented

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Definitions:

Assignment

The transfer of rights or property from one party to another, often used in contracts and financial contexts.

Notice

Formal information or warning given about something, ensuring awareness or understanding.

Obligor

The party in a contract or legal agreement who is bound or obligated to perform a specified duty or pay a debt.

Misrepresentation

An untruthful assertion by one of the parties about a material fact.