192k views
5 votes
Firms usually implement ________ when they have a particular profit goal as their overriding concern.

User TonyOssa
by
7.8k points

1 Answer

5 votes

Answer:

target profit pricing

Step-by-step explanation:

Based on the information provided within the question it can be said that the firms in this situation usually implement target profit pricing. This term refers to a method of determining how many units of a product need to be sold in order to cover the costs of production as well as achieve a set profit margin. This is usually a goal/target that is set and hoped to be achieved by the end of the year.

User Bogdan Slovyagin
by
8.6k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.