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It is a true statement that the objective, or goal, of management is to maximize profits. Another term for profit would be financial gain.
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Traditional economic theory has assumed that the typical firm has a single objective?
Maximize its profits
What is the primary objective of business management?
Maximizing profits.
What is objective in business?
A business' objective is to make money. They are in business to make money for their stockholders. They sell products and services to maximize their profits.
What is the goal of the process of yield management?
The purpose of yield management is to maximize profits by anticipating the behavior of consumers. Additional information about yield management can be found on Wikipedia.
How does management accounting facilitate the carrying out of management functions?
Management accounting gives the organization's management the tools to plan ahead. It allows the managers to figure out where the company is losing money, and how it can maximize productivity and profits.
Objective of financial management?
Financial management is a discipline that allows manages and others to be more in control of their finances. They get to learn how to invest and make profits.
What is the importance of a consulting customer management relationship?
A consulting management relationship can improve the a companys interaction with its clients and sale prospects. This can extend company life and maximize company profits.
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.
Objectives of boots?
Boots are inanimate objects and do not have objectives. Should you be referring to the company Boots (proper noun, capital letter required) then, as with all companies, their objective is to maximize profits.
What are the Objectives of wealth management?
The objective of wealth management is to enhance the wealth of the person for whom it is being taken up. For example, if you opt for wealth management product given by an investment bank, then their object is to maximize your wealth.
What services do the company MFS offer?
MFS is a money management and banking firm. They primarily focus on market research and expansion for companies in order to maximize their clients profits.
Why is it important for the Bureau of Land Management to have current land use plans in place?
It is important for the Bureau of Land Management to have the current land use plans in place to maximize its productivity. When the productivity is maximized the profits are maximized as well.
