In price planning, a firm would be most likely to set a profit objective for which of the following products?
A) a commodity such as coal
B) toothpaste
C) a fad such as fidget spinners
D) lightbulbs
E) construction materials

Question

Quizplus · Accepted Answer

Fad products like fidget spinners often have a short market life, so firms aim to maximize profits quickly before the trend fades. Other options represent more stable markets where pricing might focus on competition, cost, or market share rather than short-term profit maximization.

In Price Planning, a Firm Would Be Most Likely to Set