Solved

Pfizer Wants to Price Its Newest Medication Product So That

Question 175

Multiple Choice
Pfizer wants to price its newest medication product so that it earns a 35% return on investment. It chose this pricing objective because of the significant amount of resources it spent on research and development. What is one challenge of using return on investment as a pricing strategy?
A) It typically involves trial and error.
B) It gives only a partial estimate.
C) It oversimplifies the contribution of price to profits.
D) It is an unsustainable pricing strategy.
E) Its achievement is difficult to measure.

Pfizer wants to price its newest medication product so that it earns a 35% return on investment. It chose this pricing objective because of the significant amount of resources it spent on research and development. What is one challenge of using return on investment as a pricing strategy?


A) It typically involves trial and error.
B) It gives only a partial estimate.
C) It oversimplifies the contribution of price to profits.
D) It is an unsustainable pricing strategy.
E) Its achievement is difficult to measure.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents