An organization is using _____ when it sets its prices so that total revenue is as large as possible relative to total costs.
A) profit maximization
B) market share pricing
C) demand-oriented pricing
D) sales maximization
E) status quo pricing

Question

Quizplus · Accepted Answer

Profit maximization is a type of profit-oriented pricing objective and means setting prices so that total revenue is as large as possible relative to total costs.

An Organization Is Using _____ When It Sets Its Prices