A firm is in business to:
A) Create value for its stakeholders
B) To compete in their market
C) To create new concepts and ideas to gain an advantage over competitors
D) All the above

Question

Quizplus · Accepted Answer

A firm's primary goal is typically to create value for its stakeholders, whether that be through providing quality products or services, generating profits for shareholders, or contributing to the local community. However, in order to do this effectively, a firm must typically compete in its market and constantly strive to improve and innovate in order to gain an advantage over its rivals. Therefore, all of the choices listed are valid reasons for a firm to be in business.

A Firm Is in Business To