Profit maximization pricing objectives:
A) can only be achieved when the producer's price is high.
B) may be in the interest of both producers and consumers.
C) usually focus on low prices as that is what is required to draw in a larger base of customers.
D) are never used in combination with penetration pricing.
E) can only be achieved by using cost-plus pricing approaches.

Question

Quizplus · Accepted Answer

Profit maximization pricing objectives aim to set prices at a level where profits are maximized, which can sometimes align with consumer interests if it leads to better products or services.

Profit Maximization Pricing Objectives