The goal of most business firms is to
Asked by maham237 @ in Business viewed by 235 People
The goal of the business firms in a market economy is to maximize:
A. Profits
B. Sales
C. Consumer utility
D. Welfare
Answered by maham237 @
Answer:
The answer is A.
Explanation:
The goal of all business firms is to maximize profits. No business is set up just to be making losses. Even Not-for-profit companies are not being expected to be running at loss.
Maximizing profits increase shareholders's wealth.
Maximizing consumers's utility is from the perspective of customers. A customer is seeking yo maximize its utility.
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