MCQs > Finance & Management > Marketing Management Test > What is Peter's objective in fixing the highest price on his product and services in the market when he knows that other companies would be launching similar products soon?

Marketing Management Test MCQs

What is Peter's objective in fixing the highest price on his product and services in the market when he knows that other companies would be launching similar products soon?

Answer

Correct Answer: To maximize profit in the shortest possible time

Explanation:

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Overall Skill Level-Poor

Your Skill Level: Poor

Retake Quizzes to improve it