Profit Maximization Means Is Best Described by Which of the Following?
Profit maximization means is best described by which of the following?
A) obtaining the largest profit possible
B) having your supplier carry your inventory
C) building the lowest cost product possible
D) selling your product at the highest price possible
Which of the following is the production of a good or service for which the revenue from selling it exceeds the cost of producing it?
A) profit optimization
B) product specialization
C) profit maximization
D) breakeven production
Which of the following is an example of a common pricing objective?
A) maximized targeting
B) target return on investment
C) target marketing
D) profit optimization
Which of the following is a common pricing objective in which the price of a product is set so as to give the company the desired profitability in terms of return on its money?
A) return optimization
B) maximized targeting
C) target return on investment
D) target marketing