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Question
Managing for long-run profits as a pricing objective implies that a company will
A. give up immediate profit in exchange for achieving a higher market share in hopes of penetrating competitive markets.
B. maintain a given price range to ensure there is no loss of customers over time, even if the profit margin declines.
C. invest excess cash in bonds and certificates of deposit in order to counteract any inflationary economic changes in the future.
D. reinvest all profits into market or product research rather than returned to shareholders.
E. drop all products, product lines, or divisions that cannot maintain their pricing goals.
Answer
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