Maximizing revenue should be the goal of the firm.

Name: Maximizing revenue should be the goal of the firm.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Maximizing profit, not revenue, should be the goal of the firm. Revenue is the total income generated from sales, while profit is the revenue minus total expenses. A company can have high revenue but still not be profitable if its expenses are too high. Therefore, the goal of the firm should be to maximize profits, not just revenue.

Maximizing Revenue Should Be the Goal of the Firm