Target profit pricing is:
A)adjusting the price of a product so that it is "in line" with that of its largest competitor.
B)setting the price of a line of products at a number of different price points.
C)adding a fixed percentage to the cost of all items in a specific product class.
D)setting an annual goal of a specific dollar amount of profit.

Question

Quizplus · Accepted Answer

When a firm sets an annual target of a specific dollar amount of profit, this is called target profit pricing.

Target Profit Pricing Is