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More, at less cost than their competition.
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∙ 13y ago
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Why would a firm want to incur transaction cost?
Firms would not want to incur transactions costs. In fact, firms would much prefer to have zero transactions costs, since that would maximise their profits.
Supporters of command economies claim that firms in market economies do not produce the goods and services wanted by the poor because?
firms produce only what people with money want and need.
Why do price-maker firms never want to produce in the inelastic part of the demand curve?
Price-maker firms never want to produce within the inelastic part of the demand curve because there are few acceptable product substitutes, and a shorter adjustment period, which may impact overall production in a negative manner.
Why don't firms maximize revenue rather than profit?
Maybe... If it is a privately owned organization then the primary goal is to maximize Revenue and Profit. If it is a public limited company that has numerous shareholders, then the primary goal is to maximize Shareholder wealth.
People who want profits?
Merchants
Why did Adam Smith insist that a market economy would produce consumer goods more efficiently that a command economy?
To maximize profits, firms in market economies strive to efficiently supply and distribute what consumers want.
Why would a firm want to incur transaction cost?
Firms would not want to incur transactions costs. In fact, firms would much prefer to have zero transactions costs, since that would maximise their profits.
Supporters of command economies claim that firms in market economies do not produce the goods and services wanted by the poor because?
firms produce only what people with money want and need.
We are introducing multilevel marketing in order to maximize on our profits.?
If you want to maximize your profit, you can create a website to market your product. Once you make your website, you will need to get a continuous flow of people to visit it. Make sure that you make a good first impression on clients, and use technology to interact with them.
Why do price-maker firms never want to produce in the inelastic part of the demand curve?
Price-maker firms never want to produce within the inelastic part of the demand curve because there are few acceptable product substitutes, and a shorter adjustment period, which may impact overall production in a negative manner.
Why do business firms engage in importing and exporting?
because every one wants to maximize profit this export import give brand name so... most of businessman want to do export or import product
Why is international management important?
International management is important because business owners want to maximize their profits abroad as well as in their home country. With good management, owners can realize a nice return on their investments.
Why don't firms maximize revenue rather than profit?
Maybe... If it is a privately owned organization then the primary goal is to maximize Revenue and Profit. If it is a public limited company that has numerous shareholders, then the primary goal is to maximize Shareholder wealth.
People who want profits?
Merchants
Importance of project in firm?
Usually projects are taken up in in organizations or firms to achieve a strategic objective. A car company may take up a project to produce a cost effective sports car that offers great fuel efficiency while not reducing the sporty feel while driving. The firm will assign a bunch of experts in designing cars and give them a timeline as to when they want to release such a car. The team will have to come up with the new model within the timeframe and the success of this project will determine the firms profits in future.
What do you call people who want profits?
Entrepreneurs.
What is the step to maximize Google Chrome window?
To maximize Chrome you can press Alt + [+], if you want to go into full screen, then press F11
