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Does the traditional profit maximization model hold relevance in modern world?

Anonymous

∙ 11y ago

Updated: 8/20/2019

Yes, the traditional profit maximization model still applies because resources are still limited. To make sure you are getting the most money, you have to consider what generates the most profit based on limited resources and other constraints.

Wiki User

∙ 11y ago

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Related Questions

What are the shortcomings of the goal of profit maximization?

Profit maximization includes some shortcomings like it ignores the risk that corresponds to the project's stream of cash flow. The timing of returns are ignored with this objective and it does not have as much relevance to a monopoly firm.

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Under what conditions might profit maximization not lead to stock price maximization?"

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