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The differences between goal of a firm and profit maximization?

A goal of firm isn't always profit driven, it can be any cause. Profit maximization is revenue driven, making more money is it focus.


What is a word for a profit driven person?

monetarily involved


Why the profit motive often leads to efficiency and innovation?

The competition to make profit drives producers to eliminate waste.


Why the profit motive often leads efficiency and innovation?

The competition to make profit drives producers to eliminate waste.


Why is profit a required for business?

Profit is a requirement in order to help it to grow and make it financially stable. Profit is often used as a measure of efficiency of the company.


What best explains why the profit motive often leads to efficiency and innovation?

The competition to make profit drives producers to eliminate waste.


Why do managers plan in organizations?

to effectively manage the workplace and maximise efficiency and profit


Which of the following best explains why the profit motion often leads to efficiency and innovation?

The competition to make profit drives producers to eliminate waste


What is job efficiency?

Job efficiency is the rate at what you pay out for production versus the rate of profit you make. Companies are always looking for more efficient ways of creating products or delivering services. They focus on their job efficiency rating to cut costs to deliver these products and services so they collect more in profit.


What do you mean by cash profit?

Cash profit means profit after tax plus depreciation.


How can you best describe the relationship between advertising and television?

Television is a medium driven by advertising and hence, profit.


What is the best description of the relationship between television and advertising?

Television is a medium driven by advertising and hence, profit.