kwepilembali04 kwepilembali04
  • 03-06-2021
  • Business
contestada

Explain why profit maximization is more important than utility maximization for a business

Respuesta :

21fernandezt 21fernandezt
  • 03-06-2021

Answer:

Generally, the profit maximization is held important goal for a company because of various reasons; 1) When profit is maximized there is a high revenue which can be used for business expansion. Profit maximization is the core goal of every business that can be considered to be an objective of financial management.

Explanation:

.

Answer Link

Otras preguntas

The length of the side opposite < B measures __ units
Help on patterns I am very confused the geometric arithmetic and or neither
If the function rule is 5x, what is the value when x = 3?
andrew jackson was impeached by congress when he
All of the following could be incentives for a person to recycle except __________. A. getting ten cents for every can recycled B. paying higher taxes to start
How would playing a game of soccer, baseball, or basketball be different if inertia didn't exist?
Where was the first democratic form of government in the Western Hemisphere? When was it established?
Communicating with people you know or meet to share information or advice about a job defines
Which of the following is an example of parenteral drug administration? a. topical ointments b. oral tablets c. gas anesthesia d. intravenous injection
Using the distributive property, which of the following expressions is equivalent to 4(3 + 4y)? 12 + 16y 12 + 4y 7 + 4y 7 + 8y