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Why Profit Maximisation is the main objective of a firm Discuss this statement with the help of an example?

1. Profit Maximisation is the main objective of a firm" Discuss this statement with the help of an example.


What is the Difference between positive and normative science?

A Normative Theory expresses a judgment about whether a situation is desirable or undesirable, and is based upon some moray or standard. The world would be a better place if the moon were made of green cheese, is a normative statement because it expresses a judgment about what ought to be. Notice that there is no way of disproving this statement. If you disagree with it, you have no sure way of convincing anyone, who believes the statement, that it is incorrect.A Positive Theory expresses an opinion on a condition, assuming what is, and that contains no indication of approval or disapproval and is not based on any standard. Notice that a positive statement can be incorrect. The moon is made of green cheese, is incorrect, but it is a positive statement because it is a statement about what exists.


What is the main objective in the study of economics?

The main objective in the study of economics is to understand how individuals, businesses, and governments make choices about how to allocate resources to satisfy their needs and wants.


Profit can be no more the objective of business than eatin is the objective of living what does this statement imply?

profits can no more be the objectives of business than eating is the objectives of living


Choose A case study where a price ceiling has been used?

case study about price ceiling

Related Questions

Why the Statement of the problem and objective of the study?

The statement of the problem is included in research to clearly define the issue or topic being addressed. It helps in understanding the context and significance of the study. The objective of the study outlines the specific goals and aims that the research intends to achieve, guiding the direction of the study and providing a clear focus.


Does a descriptive study have a hypothesis?

It depends on the objective of the study,if the objective of the study is merely to describe the variables then writting of hypothesis not needed.If the the objective or purpose to find the association or relationship among the variables observed,hypothesis must be stated.Hypothesis are the main stay in research,which translates problem statement in to testable outcome.


How do you write a neutral thesis statement for an ethics class on a case study?

In order to write a neutral thesis statement for an ethics class on a case study, you should aim to present an objective analysis of the ethical issues at hand without expressing personal opinions or biases. Focus on examining the various perspectives, ethical principles, and potential consequences involved in the case study to form a balanced argument. Your thesis statement should simply outline the main ethical dilemmas and questions raised by the case study without taking a side.


What is the difference between an objective statement and a non objective statement?

An objective statement is based on facts and observable phenomena, while a non-objective statement is influenced by personal opinions, biases, or emotions. Objective statements are verifiable and rooted in evidence, whereas non-objective statements often reflect subjective viewpoints or interpretations.


Do you need a thesis statement for a case study?

No, a case study typically does not require a formal thesis statement. The focus is on exploring a particular case or situation in depth to analyze and understand its complexities, rather than presenting a clear thesis or argument. However, it is essential to clearly define the research questions or objectives of the case study.


What statement is more correct - exhortation to you and I or exhortation to you and me?

One is not "more correct" than the other: to you and meis correct, and to you and I is barbarously wrong.


Why was the Declaration of Independence a objective and unbiased statement of the American British conflict?

it was an objective and biased statement in the point of view of those who wrote it.


What is the definition of an objective statement?

An objective statement is a clear and specific statement that describes a goal or intention without personal bias or opinion.


What is the meaning of objective in case study?

In a case study, the objective refers to the specific goals or aims that the researcher wants to achieve by conducting the study. These objectives help guide the research process and provide a clear focus for investigating the research problem or question at hand. They also help ensure that the study remains on track and that the data collected is relevant to the research aim.


Objective statement for a new cna graduate?

An example of a good objective statement for a CNA is, " Seeking a position where my skills as a CNA will be used to further the organization." Your objective statement should be short and to the point.


Is the statement "objective" an opinion?

No, the statement "objective" is not an opinion. It refers to a fact or perspective that is not influenced by personal feelings or biases.


Was the declaration of objective and unbiased statement of the American British conflict?

it was an objective and biased statement in the point of view of those who wrote it.