Question

Give an example of each major type of pricing objective. Profit Oriented Pricing Objective: - Profit...

Give an example of each major type of pricing objective.

Profit Oriented Pricing Objective:

- Profit Maximization

- Satisfactory Points

- Target Return on Investment

Sales Oriented:

- Market Share

- Sales Maximization

Status Quo:

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Profit oriented pricing could be done by monopolist as they have no threat of competition and could easily add up their profit to the original cost of production.

Sales oriented

One of its example is life insurance as all of the efforts of a life insurance company lies in selling the insurance and this is what sales orientation is all about finding various and numerous ways to sell their product at any cost.

Status quo:

It is an emotional preference for a current situation for example a person saves whole of his life to get his pension, but due to certain situations he decides to withdraw all his money and use it at that particular situation.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
1. AI Root company serves several customer markets. They include which of the following? retail stores...
1. AI Root company serves several customer markets. They include which of the following? retail stores the liturgical and consumer markets the consumer market the liturgical market all of these 2. AI Root company follows which type of approach towards pricing? customer oriented value oriented status quo oriented the liturgical and consumer markets profit oriented 3. Based on the videos discussion of earning fair or satisfactory profits, the AI Root Company seem to be setting its pricing objectives using whichbif...
give an example of a business and the type of revenue strategy they are using to...
give an example of a business and the type of revenue strategy they are using to earn revenue. Ex: low pricing, freemium, or unit sales.)Explain your example and how it applies to the revenue model.
what are the major groups of mammals? give an example of each group. What characteristics do...
what are the major groups of mammals? give an example of each group. What characteristics do they all share? Why should we care since mammals are one of the least diverse groups of land animals. (Only about 4000 species)
Question two Discuss the statement that wealth maximization is a better corporate objective than profit maximization....
Question two Discuss the statement that wealth maximization is a better corporate objective than profit maximization. Master Boat has issued 1,000 ordinary shares at K1 per share which will later be converted to bonds at a nominal value of K1.2 per share. What will be the price of bonds if they are issued for 5 years with a coupon rate of 10% and yield to maturity of 12% if interest is compounded semi-annually? There are two assets and three states...
Define block pricing and bundling. Give one real world example for each strategy. Discuss why a...
Define block pricing and bundling. Give one real world example for each strategy. Discuss why a firm would use such a strategy
Define each of the following terms and give and example: a. Operating plan; financial plan b....
Define each of the following terms and give and example: a. Operating plan; financial plan b. Spontaneous liabilities; profit margin; payout ratio c. Additional funds needed (AFN); AFN equation; capital intensity ratio; self-supporting growth rate d. Forecasted financial statement approach using percentage of sales e. Excess capacity; lumpy assets; economies of scale f. Full capacity sales; target fixed assets to sales ratio; required level of fixed assets
1. Name the three types of financial management decisions? For each type give an example of...
1. Name the three types of financial management decisions? For each type give an example of a typical business transaction.
Explain the difference between primary and secondary deviance. Give an example of each type of deviance...
Explain the difference between primary and secondary deviance. Give an example of each type of deviance to support your answer.
–Give an example of each type of tissue in a dog –Describe its general anatomy –Describe...
–Give an example of each type of tissue in a dog –Describe its general anatomy –Describe its basic function
List all the types of communicable disease. Give an example of a vector for each type...
List all the types of communicable disease. Give an example of a vector for each type of disease and an example of a specific disease you can get through that vector. Describe how we can control communicable diseases and why antimicrobial resistance threatens our ability to control disease.
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT