The business owner will try to maximize

Name: The business owner will try to maximize
Brand: Quizplus
Rating: 4.9 (53 reviews)

Question

Quizplus · Accepted Answer

The ultimate goal of a business owner is to maximize their total profit, which is the difference between total revenue and total costs. While maximizing profit per unit of output or output may be important, they are not as important as maximizing total profit in the long run.

The Business Owner Will Try to Maximize