Question

A _______ strategy involves accurately measuring all the factors needed to predict sales and profits at various price levels, so that the price level that produces the highest return can be chosen. select one:
a. target profit

b. sales orientation

c. target return

d. maximizing profits

e. status quo

Answer 1

Answer:

D) maximizing profits

Explanation:

Maximizing profit strategies usually require a company to sell its products or services with the highest possible profit margin. This can be achieved by either reducing costs or increasing the selling price. The problem with increasing the selling price is that total sales might decrease. Ont he other hand, if the company lowers its selling price, it will increase total sales and probably even total revenue, but that doesn't mean that their profit will increase.

So this type of strategy must balance total costs, total sales volume and selling price. It will look for the price that doesn't necessarily maximizes total sales, instead it maximizes total profit.

Answer 2

Answer:

D. Maximizing profits strategy

Explanation:

This type of strategy takes many factors and scenarios into account so that only the best, most profitable strategy is pursued.