Question: QUESTIONS; 1. Explain the objectives in pricing. 2. Explain each of the pricing procedures and what does each of the procedures consists. 3. What

QUESTIONS; 1. Explain the objectives in pricing. 2. Explain each of the

QUESTIONS; 1. Explain the objectives in pricing. 2. Explain each of the pricing procedures and what does each of the procedures consists. 3. What is the purpose of the target rate of return pricing. 4. What is odd-numbered pricing? What are the reasons behind this method? 5. Explain the degree of control over the price by the seller in the following kinds of competition: O Pure Monopoly o O o Oligopsony o Monopsony Oligopoly Pure Competition

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Objectives in PricingThe main objectives in pricing are as follows a Profit Maximization Achieving the highest possible profit while considering factors such as cost competition and customer demandb S... View full answer

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