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A firm may set an annual target of a specific dollar volume of profit, which is called target profit pricing.

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What are the advantages and disadvantages of pricing?

The pricing of goods or services at such a low level that other suppliers cannot compete and are forced to leave the market.


Give the definition of target profit pricing?

Target-Profit-Pricing Target-profit-pricing method involves identifying the price at which a product will be competitive in the marketplace, defining the desired profit to be made on the product, and computing the target cost for the product by subtracting the desired profit from the competitive market price Jason


What are the different pricing methods in international marketing?

Bid Pricing Cost Plus Pricing Customary Pricing Differential Pricing Diversionary Pricing Dumping Pricing Experience Curve Pricing Loss Leader Pricing Market Pricing Predatory Pricing Prestige Pricing Professional Pricing Promotional Pricing Single Price for all Special Event Pricing Target Pricing


Shopping at target and paying cash for your purchase is a function of?

pricing


Who are the target customers of Walmart?

Well, based on their pricing, families with not alot of money.


What are Factors which influence the choices of target market?

Pricing strategies will determine who a company targets. Additionally, the quality of the product will help determine who the target market is for a business.


What is linear pricing?

The linear performance pricing is one way to identify a technical cost driver that is crucial for the product price of a sourcing category, which can then serve as the basis of objective target prices.


What is the difference between target costing and cost-plus pricing?

Target Costing: It is the costing process in which company tries to reduces all costs of product to limit the selling price at specific targeted selling price. Cost Plus pricing: It is pricing method in which company uses all costs plus certain percentage of that cost as a profit margin to set selling price.


What is linear performance pricing?

The linear performance pricing is one way to identify a technical cost driver that is crucial for the product price of a sourcing category, which can then serve as the basis of objective target prices.


What is the difference between market oriented pricing and company oriented pricing?

it could be that market orientated pricing is where you look at your target market and see what sort of prices they will be prepared to pay. Whereas company orientated pricing is i guess when the company look at their costs and sort out a profit margin and work out the price that they are going to charge to make sure that they are going to make profit.


How do you do market research about pricing?

First of all have a look at your competitors prices. Then simply ask your target market about different pricing, introducing your products/services to them and you will see how much your potential future clients are ready to spend on your things.


Who are the claims warehouse target market?

product carried pricing strategy promotion emphasis distribution service level ownership structure