Economics · Pricing Strategies
Choose the incorrect statement regarding pricing and sales policy from the choices below.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A price stabilization policy seeks to prevent price wars among competitors.
- 2Companies aiming to create a 'prestige image' for their products normally price them high.
- 3Sales maximization will automatically lead to profit maximization.✓
- 4Pricing is governed by both internal factors of a company and external environmental factors.
Correct answer
Sales maximization will automatically lead to profit maximization.
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