The goal of most business firms is to:

Question

Quizplus · Accepted Answer

Maximizing total profit is the primary goal of most business firms as it ultimately leads to the growth and success of the company. While maximizing total revenue is important, it does not necessarily result in higher profits if the costs of producing that revenue are too high. Similarly, producing as much output as possible may not be desirable if it leads to diminishing returns or increased costs. Therefore, maximizing total profit is the most reasonable goal for most business firms.

The Goal of Most Business Firms Is To