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The pricing objective of a university is
Partial cost recovery
Full cost recovery
Maximum market share
None of the above
Partial cost recovery—a company that has sources of income other than from the sale of products may decide to implement this pricing objective, which has the benefit of providing customers with a quality product at a cost lower than expected. Competitors without other revenue streams to offset lower prices will likely not appreciate using this objective for products in direct competition with one another. Therefore, this pricing objective is best reserved for special situations or products.
By: Barka Mirza ProfileResourcesReport error
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