Which of the following is a common pricing objective?
A)Pricing to maximize short-term profits
B)Pricing to reduce inventory costs
C)Pricing to achieve a target market share
D)Pricing to increase the prestige of a product

Question

Quizplus · Accepted Answer

Pricing to achieve a target market share is a common pricing objective as it focuses on capturing a specific percentage of the market by setting prices that are competitive and attractive to customers. This approach can help a company to increase market share, which in turn can lead to increased sales and revenues. The other options are not as common or as effective as a pricing objective, as they do not always align with the overall goals of the company.

Which of the Following Is a Common Pricing Objective