Profit maximization means is best described by which of the following?
A) obtaining the largest profit possible
B) having your supplier carry your inventory
C) building the lowest cost product possible
D) selling your product at the highest price possible

Question

Quizplus · Accepted Answer

Profit maximization means obtaining the largest profit possible, which is achieved by either increasing revenue or reducing costs. While the other options (B, C, and D) may contribute to profit maximization in certain situations, they do not fully capture the essence of the term as compared to option A.

Profit Maximization Means Is Best Described by Which of the Following