Economists assume the central goal of any business is to:

Question

Quizplus · Accepted Answer

Maximizing profit is the primary goal of any business because it determines the ability to grow and sustain operations. While minimizing costs and maximizing sales are important factors in achieving profit, ultimately, the end goal is to maximize profit. Maximizing market share may not necessarily lead to increased profits as it could involve heavy spending on marketing or price cutting to gain a larger share.

Economists Assume the Central Goal of Any Business Is To