Profit maximization requires a firm to do which of the following:
A)manage internal operations efficiently.
B)prevent waste.
C)encourage worker morale.
D)choose efficient production processes.
E)all of the above.

Question

Quizplus · Accepted Answer

All of the above choices are necessary for profit maximization. Managing internal operations efficiently and preventing waste can help reduce costs and increase profits. Encouraging worker morale can lead to higher productivity and efficiency, while choosing efficient production processes can also help reduce costs and increase output. Therefore, all of these strategies are important for a firm to maximize its profits.

Profit Maximization Requires a Firm to Do Which of the Following