Multiple Select Question

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

Answer 1

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.