what are the criticisms against he profit maximisation
objective of a business.
Answers were Sorted based on User's Feedback
Answer / vipin bhardwaj
the business having sole objective of profit maximisation
does not think about customer satisfactoin and its social
responsibilties.It blindly goes for making big profit and
does not consider its responsibilties.Profit maximisation
as an objective can be good for short run but in long run
the business having good name in socety in terms of work
done for social welfare , quality of its products, will
matter more.
| Is This Answer Correct ? | 14 Yes | 2 No |
which debt instrument is prefered by the campany for financing?
On which day, the first world statistics day was celebrated?
What are scheduled commercial banks?
Is there any difference between NPA and bad loans?
Hello every1. I have attended the F1 visa for MBA. They have taken my Passport and given me Blue form and has advised me there is an Administrative Processing will be done. there is no time frame for it. Can some one tell whether my visa is refused or will i get the visa.
What is the logo of Bank of Baroda know as?
what is acounting cycle ?
3 Answers Bank Of America, HSBC, JPMorgan Chase,
Can I Own Anything After Bankruptcy?
What are functions of SEBI?
What is a Beggar thy neighbor policy?
Do you have any idea about basic banking ?
What could a company do with excess cash on the balance sheet?
Business Administration (517)
Marketing Sales (1279)
Banking Finance (3209)
Human Resources (747)
Personnel Management (68)
Hotel Management (29)
Industrial Management (113)
Infrastructure Management (14)
IT Management (97)
Supply Chain Management (16)
Operations Management (39)
Funding (79)
Insurance (494)
Waste Management (1)
Labor Management (48)
Non Technical (73)
Business Management AllOther (546)