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Profit maximization can be achieved in two ways: enhance revenue and minimize costs. Therefore, to maximize profits, many firms minimize their costs and boost their revenue.
This article seeks to develop the concept of profit used in the micro-economic theory of the firm and to examine its potential as an accounting measure. Using a simple economic model, it is ...
While profit maximization is always the long-term goal for any for-profit business, sales maximization is a short-term strategy that businesses implement periodically.
In a perfect business world, sales maximization would work hand-in-hand with profit maximization to create the ideal scenario for company owners and shareholders.
What we’re talking about is the goal of profit maximization, which is what every for profit business needs to aim for or go out of business. In the good times, that means growing intelligently.
The business-ethos pendulum in this country has now swung so far toward "profit maximization" that most American companies would never dream of voluntarily sharing more wealth with their employees.
America's obsession with shareholder primacy for the past four decades is hurting our economy and has to change.
This paper hinges on the distinction between "maximizing profit" and "making profit." It recounts from Adam Smith the ethical basis for profit making, and observes in Augustin Cournot why the ...
Why Does Profit Maximization Not Lead to Stock Price Maximization? If other conditions allow a price to reach its maximum potential value, profit maximization can lead to stock price maximization.