Although it is our goal to be the best and not necessarily the biggest or the most profitable, our success at satisfying customers and motivating employees will bring growth and long-term profitability.…
deals with how management plans to maximize profits while, at the same time, operating in a socially responsible manner that keeps the company’s prices as low as possible.…
5 What would be your response to the statement, “Profit maximization is the only legitimate pricing objective for the firm”?…
The company's final objective is to generate sufficient profit to finance continual improvement and growth of the business whilst providing its shareholders with an excellent return on their investment.…
Company also has strong commitment to efficiency and controlling costs. These are great power to survive in highly competitive markets.…
When anorganization exists mainly to produce profit, its core procedures will always be organized around generating maximum…
It must be appreciated that this does not mean “any old level of profits” or even a certain target level of profits but it means squeezing the last penny of profits out of the firm’s operations.…
the organisation, and its structure and leadership, as well as the extent of its marketing.…
In order to maximize profit, a company must have all of the following objectives except:…
What quantity should the purely competitive firm produce to maximize profits? Analyze from a total revenue and total cost perspective…
These are some of the benefits that can change the company’s perception of ideas and strategy, of the situation of the market and other important issue that provide advantages and disadvantages for the company. All these possible benefits are worth…
* Aim for a wider target market and show more attention to more customers instead of focusing on one group of customers.…
The main aim of every business is to maximise profit. Profit is the total revenue the business receives minus their total costs and there are many ways businesses can increase this figure. One way of increasing profit is by increasing their revenue, this can be achieved by products or services being well marketed so they appeal to the businesses target audience. By doing this it will increase the interest that the targeted consumers have on the product or service and so demand will increase, meaning that consumers are more willing and able to pay for the good or service and so therefore will increase revenue. Another way of increasing profit is by reducing costs. Changing to a cheaper supplier, hiring cheaper employees, and changing the business premises to a cheaper place are all ways of reducing costs, both fixed and variable, and so would reduce total costs therefore increasing profit. Strategies, the medium to long term plans through which an organisation aims to attain its objectives, are put in place in order to help a business be successful, for example maximising profits.…
fewer clients than other companies, they still have a good and profitable relationship with their…
In military strategy, business strategy resembles a framework or an approach to obtaining an advantageous position.…