Target profit pricing refers to
A. setting the price of a line of products at a number of different price points.
B. setting an annual target of a specific dollar volume of profit.
C. adjusting the price of a product so it is in line with that of its largest competitor.
D. adding a fixed percentage to the cost of all items in a specific product class.
E. setting prices to achieve a profit that is a specified percentage of production costs.
Answer: B
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