If a company invests $1,000,000 to develop and market a new product with a goal of earning $1,200,000 on the product by the end of the year, it will price the product based on
A) profit expectations.
B) market share goals.
C) return on investment goals.
D) survival goals.
E) objectives.

Question

Quizplus · Accepted Answer

The company's goal of earning $1,200,000 on a $1,000,000 investment by the end of the year indicates a specific return on investment (ROI) goal. Pricing the product to achieve this financial return aligns with return on investment goals.

If a Company Invests $1,000,000 to Develop and Market a New