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Q: Which pricing objective focuses on generating the highest possible profits?
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Continue Learning about Economics

Which is Highest revenue generating Industry in World?

Foods


What is the optimum economic activity?

he very "best" possible situation or state of affairs according to some explicit objective that provides a precise standard of evaluation. For example, if a business firm's objective is to make the biggest profits possible (as economists generally assume it is), then the firm's optimal level of output at any given level of sales prices and production costs is that at which its profits will be the highest possible. Most of economics is concerned with analyzing how individuals or groups of people or even whole societies may achieve optimal use of available resources, and it is normally assumed that the maximum satisfaction of people's individual wants or desires is the objective of the economy that provides the relevant standard of evaluation. (Social critics, moral philosophers, religious thinkers, and political power-seekers in their various ways have often disputed the validity of this individualistic standard of evaluation, of course.)


What is right or wrong moral or immoral in the business world?

When the business world focuses on greed and making the highest profit it can become immoral. By treating employers and customers right, the business world can be more moral.


Which is the most developed country?

Iceland and Norway with a Human Development Index of 0.968. (The highest possible HDI would be 1.00.


What happens when a society operates on its production possibility curve?

Operating efficiently, it is producing the highest possible amounts of goods that it can produce.

Related questions

Which objective focuses closest to the slide when it is in focus?

The objective lens that focuses closest to the slide is 100x, it has the longest lens so the highest power. Be careful not to crack the slide and make sure you use oil if it is an oil immersion lens.


What is the highest possible magnification that can be obtained when using a microscope?

Objective - Ocular 40 x 10 = 4000x


What is the highest generating capacity in India?

33kv


What is the aims and objectives of a hairdressers?

the main objective of a hairdressers is to ensure that they give the highest quality cut possible to all of their customers.


What are Toni and Guys aims and objectives?

the main objective of a hairdressers is to ensure that they give the highest quality cut possible to all of their customers


What is the highest generating voltage in India?

33 kv.


Which is Highest revenue generating Industry in World?

Foods


What objective lens is the longest?

The lens with the greatest (positive) curvature. The lens with the highest diopter.


What is the best Pokemon there is?

Arceus has the highest total of all stats out of all five regions. Blissey has the highest possible HP. Deoxys (Attack Forme) has the highest possible attack. Shuckle has the highest possible defence. Deoxys (Speed Forme) has the highest possible speed. Deoxys (Attack Forme) has the highest possible special attack. Shuckle has the highest possible special defence.


What is the highest objective you can use to see the entire letter E?

40


What is the highest beacon score possible?

850 is the highest beacon score possible.


What is the highest possible score in Yahtzee?

The highest possible score in the game of Yahtzee is... 913 points. You can figure this out by using a calculator and figuring out the highest possible answer for all of the little 'slots' then just add them all together and you get the highest possible score of 913!