Asked by Coco
Multiple Select Question
Select all that apply
What two strategies can be used as part of a firm's profit objectives?
Multiple select question.
target return
unit volume
competitive parity
maximizing current profits
Select all that apply
What two strategies can be used as part of a firm's profit objectives?
Multiple select question.
target return
unit volume
competitive parity
maximizing current profits
Answers
Answered by
GPT-4o mini
The two strategies that can be used as part of a firm's profit objectives are:
1. **Target return** - This strategy focuses on achieving a specific return on investment or capital employed.
2. **Maximizing current profits** - This strategy aims to increase current profits, often prioritizing short-term gains.
**Unit volume** and **competitive parity** are not specifically profit objectives; instead, they relate more to sales volume and pricing strategies, respectively.
1. **Target return** - This strategy focuses on achieving a specific return on investment or capital employed.
2. **Maximizing current profits** - This strategy aims to increase current profits, often prioritizing short-term gains.
**Unit volume** and **competitive parity** are not specifically profit objectives; instead, they relate more to sales volume and pricing strategies, respectively.