What should be maximized when setting the price for a product?
A)Total revenue
B)Contribution margin per unit
C)Net income
D)The number of units of product sold

Name: What should be maximized when setting the price for a product? A)Total revenue B)Contribution margin per unit C)Net income D)The number of units of product sold
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Net income should be maximized as it reflects the overall profitability of the company after all expenses, including costs and taxes, have been deducted from total revenue.

What Should Be Maximized When Setting the Price for a Product