The marketing manager of Raven Golf Club finds that the club can increase its market share if it slashes membership prices during the first quarter of the year. However, it would mean that the club will not achieve its target return on investment. This conflict illustrates:

A. the need to eliminate low-profit products.
B. a lack of competition in the marketplace.
C. how pricing operates in an ideal marketplace.
D. the need for trade-offs in pricing objectives.

D. The need for trade offs in pricing objectives

Explanation:

The conflict in this scenario illustrate " the need of trade offs in pricing objectives ".

Trade off in economics means most preferred possible alternative, it is often referred to as an opportunity cost that is the most preferred alternative. It is a sacrifice that must be to get a particular goods or service.

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

answer utilities; more money you have to pay out ; )