Which of the Following Statements Regarding Pricing Objectives Is Most

question 73

Multiple Choice

Which of the following statements regarding pricing objectives is most accurate?

• A)Pricing objectives should never change.
• B)Pricing objectives may change depending on the financial position of the company.
• C)Pricing objectives may change depending upon the relative market share of competitors.
• D)Pricing objectives are established exclusively by the marketing department.
• E)Pricing objectives are extremely sensitive to even the slightest change in the local economy.

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Definitions:

Positively Skewed

Describes a distribution of values where the longer tail is on the right side, often with a concentration of data towards the lower end.

Distribution

Refers to the way in which something is shared or spread out across a range or area, especially the arrangement of a statistical data set.

Negatively Skewed

A distribution of data where the tail on the left side of the distribution is longer or fatter than the right side, indicating that the bulk of the values lie to the right of the mean.

Distribution

The way in which something is shared out among a group or spread over an area, also used in statistics to describe the spread of values in a dataset.