Answer and Explanation:
Price objective aims to set price under influence of various factors such as cost of production and distribution. In other words price objective offer guidelines to company's prices. On the other hand price constraints refer to perceived restrictions/factors by way of price range that a company is faced with in the market.
Example: if a car manufacturing company sets it's price at $9000 for it's car, then it's price objective might be based on the costs involved to produce that car in terms of whether the car is a luxury car or it offers satisfaction such as prestige or maybe the company aims to maximize profits. If also this company because of government restrictions has a price ceiling of say $9100, the company would never go past $9000 in setting it's price and would probably have to go down from $9000 for the period of the price ceiling regulation
