It varies from country to country.
Yes, profit maximization is the primary goal of a business. If a business doesn't maximize profits the Board of Directors can request that the CEO leave.
what are Talley's limitation.
Limitation
Tagalog Translation of LIMITATION: hangganan
Limitation
Voluntary limitation of profit can stem from various motivations, including ethical considerations, such as a commitment to social responsibility or sustainability. Companies may seek to foster goodwill with consumers and stakeholders by prioritizing community welfare over maximum profits. Additionally, businesses might limit profits to reinvest in their operations, innovation, or employee benefits, aiming for long-term growth rather than short-term gains. Lastly, some organizations adopt profit ceilings to align with stakeholder expectations or regulatory frameworks that encourage equitable wealth distribution.
Profit maximization includes some shortcomings like it ignores the risk that corresponds to the project's stream of cash flow. The timing of returns are ignored with this objective and it does not have as much relevance to a monopoly firm.
The limitation is within your self, your awareness and limitation of thoughts, your memories, sensations and feelings.
limitation of marketing research
there is no limitation
limitation of bussiness comunication