From a traditional economic point of view,a firm was viewed as _________which sought to maximize its profits.
A)a combination of markets and relationships
B)a series of relationships,roles,and markets
C)a moral actor
D)a market actor

Question

From a traditional economic point of view,a firm was viewed as  _________which sought to maximize its profits.
A)a combination of markets and relationships
B)a series of relationships,roles,and markets
C)a moral actor
D)a market actor

Quizplus · Accepted Answer

From a traditional economic point of view, a firm is viewed as a market actor which seeks to maximize its profits by efficiently producing and selling goods and services in accordance with the supply and demand forces of the market. This perspective emphasizes the importance of rational decision making and cost-benefit analysis in order to achieve the firm's financial objectives.

From a Traditional Economic Point of View,a Firm Was Viewed