This article describes the main objective of businesses – generating revenue and making profit. It describes different types of revenue and profit, also profit maximization.
Posts tagged as “Profit maximization”
The modern world is obsessed with speed. It is not that people naturally wanted to speed up. They are given no choice, but to live in a hurry.
Overall, it is important to find the right balance between ethics and profit because the business has long-term interests of acting ethically.
Managers need to adapt business objectives in order to meet changing requirements from both international and external business environments.
Profit satisficing means aiming to achieve enough profit in order to live a comfortable life and keep the owners happy.