Interested to Buy Any Domain ? << Click Here >> for more details...
what are the criticisms against he profit maximisation
objective of a business.
- 3 Answers
- 12278 Views
- I also Faced
- E-Mail Answers
Answer Posted / vipin bhardwaj
the business having sole objective of profit maximisation
does not think about customer satisfactoin and its social
responsibilties.It blindly goes for making big profit and
does not consider its responsibilties.Profit maximisation
as an objective can be good for short run but in long run
the business having good name in socety in terms of work
done for social welfare , quality of its products, will
matter more.
| Is This Answer Correct ? | 14 Yes | 2 No |
Post New Answer View All Answers
What Is Bankruptcy?
How can rural employment be increased?
What is a demand draft?
profit centres
Must I Produce Tax Returns Before And After My Bankruptcy?
Name the highest literary award given in India?
How does RBI earn profits?
What Is Irda And What Are It's Functions?
What is more important work or money?
What is the difference between Miss and Mistress?
What is the age limit for the clerk recruitment in tmb?
What do you know about SEBI? State its functions?
What do you call the minimum rate decided by rbi which shall be adopted by all public sector banks?
What is the difference between Nationalized bank and Private Bank?
What is Crisil?
