According to textbook economics, this is true. High profits make happy shareholders. The more monopolistic a company can behave, the higher profits will be. A good example would be Microsoft. This company had the "honour" of having to pay the highest fine in the history of the Antitrust commission in Brussels, at least at that time. Remember that Neelie Kroes also fined Intel with a 1.45 billion USD. Another form of illegal keeping prices high is via cartels..
Or maybe not? If company A makes profits, then it is absolutely sure that direct competitors will enter the market. In that case, profits would decrease. In order to prevent this, company A produces as much and as efficiently as possible so profits are slightly above 0. Now, it still has first mover advantage, can still pay its bills and invest but most importantly: nobody will enter.
Being green and socially responsible are new goals. At first they might seem to lower profits because of the higher costs involved. However, a green and responsible image can attract new customers because of growing environmental awareness. On top of that, green initiatives are being subsidized by government. Study Triodos Bank, this green bank is doing very well despite the crisis! Their website is www.triodos.com
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True
True.
Generally speaking, the main objective of a firm is profit maximisation. This is not always the case, however, as some firms have different goals, including providing charitable services, satisficing, and providing a high quality good or service.Revenue (income) increases profit, while expenses decrease profit. Therefore, if a firm's revenue increases more than their expenses increase, they will generate a greater profit.
False because a firm could capture enough expected economic profit in the short run to cover the initial investment.
In every society, social mobility is possible. It remains true that the rich get richer and the poor get poorer, but, the lottery is always possible.
A person cannot be profit - therefore, a person also cannot be false profit.
Deceived - 2013 False Profit 1-2 was released on: USA: 1 April 2013
The statement is false.
false
Harold Camping.
false it changes every 2 years
False because every quadrilateral is a four sided shape
false
False
true
true
Not really...Gross profit = Net sales - Cost of goods soldThe profit on an item is not dependent upon all of your operating expenses. You would include operating expenses to determine net income for the business, but not to calculate gross profit for the sale of inventory.