The assumption we usually make about all firms is that they wish to

Question

Quizplus · Accepted Answer

The ultimate goal of most firms is to maximize profits, which is achieved by balancing revenue and cost. While increasing market share and sales may contribute to this goal, they alone do not necessarily result in increased profits. Minimizing costs may also contribute, but again, it is not the ultimate goal - it is a means to achieving the goal of maximizing profits. Therefore, choice (D) maximizing profits is the best answer.

The Assumption We Usually Make About All Firms Is That