Some top managers seek only enough profits to convince stockholders that they are "doing a good job." The pricing objective of such managers is:
A) satisfactory profits.
B) status quo.
C) nonprice competition.
D) profit maximization.
E) meeting competition.

Question

Quizplus · Accepted Answer

The pricing objective of managers who seek only enough profits to convince stockholders that they are "doing a good job" is to achieve satisfactory profits. This approach does not necessarily aim for maximum profits but rather for a level of earnings that are deemed acceptable and sufficient to maintain the confidence of the company's investors.

Some Top Managers Seek Only Enough Profits to Convince Stockholders