A key assumption about the way firms behave is that they

Name: A key assumption about the way firms behave is that they
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Maximizing profit is a fundamental goal for most firms, as it provides a measure of financial success and sustainability. While minimizing costs, maximizing revenue, and maximizing market share can all be important factors in achieving this goal, they are often subservient to the need to generate profits in the short- and long-term.

A Key Assumption About the Way Firms Behave Is That