Which of the following statements is most likely to be made by a manager with a status quo pricing objective?
A. "A price of $10.00 will not start a price war with our competitors."
B. "A price of $10.00 will penetrate the market."
C. "A price of $10.00 will provide a 30 percent return on investment."
D. "A price of $10.00 should result in a 9 percent increase in sales."
E. "A price of $10.00 should maximize profits."
Answer: A
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Indicate whether the statement is true or false