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Which pricing objective aims to charge a reasonable price to maintain good relations with the government and the public?
  • a)
    Profit maximization
  • b)
    Ethical pricing
  • c)
    Market penetration
  • d)
    Cost-based pricing
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Which pricing objective aims to charge a reasonable price to maintain ...
Ethical pricing is a pricing objective that aims to charge a reasonable price to maintain good relations with the government and the public. This approach focuses on pricing products in a fair and transparent manner, avoiding excessive pricing practices that may lead to public backlash or regulatory scrutiny.
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Which pricing objective aims to charge a reasonable price to maintain good relations with the government and the public?a)Profit maximizationb)Ethical pricingc)Market penetrationd)Cost-based pricingCorrect answer is option 'B'. Can you explain this answer?
Question Description
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