Profit-maximizing behavior requires businesses to reduce their costs as much as possible, even if it means endangering their workers or the environment.

Question

Quizplus · Accepted Answer

Profit-maximizing behavior involves finding an optimal balance between cost reduction and maintaining ethical standards, including ensuring worker safety and environmental protection. Endangering workers or the environment can lead to legal consequences, reputational damage, and long-term financial losses.

Profit-Maximizing Behavior Requires Businesses to Reduce Their Costs as Much