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  • 03-06-2021
  • Business
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Explain why profit maximization is more important than utility maximization for a business

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21fernandezt 21fernandezt
  • 03-06-2021

Answer:

Generally, the profit maximization is held important goal for a company because of various reasons; 1) When profit is maximized there is a high revenue which can be used for business expansion. Profit maximization is the core goal of every business that can be considered to be an objective of financial management.

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