Question: Some examples of different pricing objectives companies may set include profit-oriented objectives, sales-oriented objectives, and status quo objectives. What are profit-oriented pricing objectives, and what

Some examples of different pricing objectives companies may set include profit-oriented objectives, sales-oriented objectives, and status quo objectives.

  • What are profit-oriented pricing objectives, and
  • what are sales-oriented pricing objectives?
  • What factors do organizations consider when making pricing decisions? Give an example.
  • Explain the difference between a penetration and skimming pricing strategy. Give an example.

Provide a substantial answer with references.

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