Objectives of Firms

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Cost Plus Pricing
The technique adopted by firms of fixing a price for their products by adding a fixed percentage profit margin to the long run average cost of production
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Profit Satisficing
Making sufficient profit to satisfy the demands of shareholders
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Card 2

Front

Making sufficient profit to satisfy the demands of shareholders

Back

Profit Satisficing

Card 3

Front

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Back

Preview of the back of card 3

Card 4

Front

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Back

Preview of the back of card 4

Card 5

Front

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Back

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