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 |
What are the minimum documents are required to open a Saving A/c and a Current A/c in a bank?
0 Answers State Bank Of India SBI,
hello sir,my self vishal soni i am student of last year bechalor of commerce and want to complete my m.b.a. in finance in u.s.a. but i just want to confirm first that if i got A.T.K.T. in b.com which was solve so is there any chance to get admission in m.b.a. university and get student visa please sir reply as soon as possible. thankss
Do you know what LAF is?
What was the Married Woman's Property Act
What is the between Balance of Trade and Balance of Payments?
what is the difference between a cash flow statement and a funds flow statement?
What is the Abbrevation in ECSS an ERP Accounting?
What are the obligations and elements of IRDA?
how financial and instututional development affects financing of large and small firms? Are the financing patterns of small firms different from those of the large firms?
What Personal Characteristics Should A Bank Clerk Possess?
What is the full form of swift?
What is NEFT or RTGS?
0 Answers State Bank Of India SBI,
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)