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what are the criticisms against he profit maximisation
objective of a business.
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Answer Posted / 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 |
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