To maximize market share managers need to maximize profits.

Name: To maximize market share managers need to maximize profits.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Maximizing market share and maximizing profits are two different objectives. Maximizing market share often involves pricing strategies that may decrease profit margins in the short term, while maximizing profits involves making decisions that lead to higher profit margins in the long term, even if it means sacrificing market share in the short term.

To Maximize Market Share Managers Need to Maximize Profits