"Profit maximisation hypothesis" Essays and Research Papers

Sort By:
Satisfactory Essays
Good Essays
Better Essays
Powerful Essays
Best Essays
Page 1 of 50 - About 500 Essays
  • Good Essays

    Profit Maximisation

    • 1323 Words
    • 6 Pages

    managers and whether they should join the joint venture or not. Profit maximisation Profit maximisation is the process by which a firm determines the price and output level that returns the greatest profit. There are several approaches to this problem. The total revenue - total cost method relies on the fact that profit equals revenue minus cost‚ and the marginal revenue - marginal cost method is based on the fact that total profit in a perfectly competitive market reaches its maximum point where

    Premium Profit maximization Economics Marginal cost

    • 1323 Words
    • 6 Pages
    Good Essays
  • Powerful Essays

    Profit Maximisation

    • 2111 Words
    • 9 Pages

    Is Profit Maximisation always the major objective of a firm? The production of goods and services in our economy today takes place within organisations‚ whether in the centrally planned economy or free market economy. Any firm within these societies all have the same tendencies to acquire a successful business. Attaining this succession through mission statements‚ goals and objectives is simultaneous through all businesses. Changes in these objectives can have forcible effects on the decisions

    Premium Profit maximization Economics

    • 2111 Words
    • 9 Pages
    Powerful Essays
  • Powerful Essays

    Profit Maximisation

    • 1825 Words
    • 8 Pages

    Question1. Describe the concept of vision in an organisation with example. How is it different from mission statement ? A vision statement is a vivid idealized description of a desired outcome that inspires‚ energizes and helps you create a mental picture of your target. It could be a vision of a part of your life‚ or the outcome of a project or goal. Vision statements are often confused with mission statements‚ but they serve complementary purposes. Examples of vision statement The nature

    Premium Management Leadership

    • 1825 Words
    • 8 Pages
    Powerful Essays
  • Powerful Essays

    Profit Maximisation Theory

    • 3399 Words
    • 14 Pages

    profit maximization Definition A process that companies undergo to determine the best output and price levels in order to maximize its return. The company will usually adjust influential factors such as production costs‚ sale prices‚ and output levels as a way of reaching its profit goal. There are two main profit maximization methods used‚ and they are Marginal Cost-Marginal Revenue Method and Total Cost-Total Revenue Method. Profit maximization is a good thing for a company‚ but can be a bad thing

    Premium Profit maximization Economics

    • 3399 Words
    • 14 Pages
    Powerful Essays
  • Good Essays

    Profit Maximisation Model

    • 509 Words
    • 3 Pages

    Profit Maximization model helps to predict the price-output behavior of a firm under changing market conditions like tax rates‚ wages and salaries‚ bonus‚ the degree of availability of resources‚ technology‚ fashions‚ tastes and preferences of consumers etc. It is a very simple and unambiguous model. It is the single most ideal model that can explain the normal behavior of a firm. It is often argued that no other alternative hypothesis can explain and predict the behavior of business firms better

    Premium Economics Marketing

    • 509 Words
    • 3 Pages
    Good Essays
  • Good Essays

    PROFIT MAXIMISATION IN ZIMBABWE The traditional economist’s view is that firms are profit maximizes‚ with each decision based on the need to maximize profits (Griffiths and Wall‚ 2005). Although the assumption of profit maximization has come under repeated criticism‚ it still remains relevant to the Zimbabwean firm today irrespective of size. To begin with‚ a profit objective is often the principal reason for the original formation of the smaller companies‚ the majority of which are under the direct

    Premium Economics Profit maximization Profit

    • 749 Words
    • 3 Pages
    Good Essays
  • Better Essays

    Profit maximisation has been one of the main aims of the firms. The generally accepted view is the long run will wish to maximize profit. Marginal Cost and Marginal Revenue can be used to find the profit maximising level of output. Marginal cost is the addition to total cost of one extra unit of output. Marginal revenue is the increase in total revenue resulting from an extra unit of sales. Economic theory predicts that profits will be maximised at the output level where marginal cost equals maginal

    Premium Profit maximization Marginal cost Economics

    • 1085 Words
    • 3 Pages
    Better Essays
  • Better Essays

    economic duty. The most obvious reason is that a business must be ethically responsible. The ethical responsibility brings us to what is generally expected by society over and above economic and legal expectations. Should a company only focus on profit maximization of its activities without a conscience of the consequences of its activities? It is today a prerequisite for a good corporate image to execute in a custom consistent with social standards and ethical norms. Ethics are the principles

    Premium Corporate social responsibility Ethics Business ethics

    • 1383 Words
    • 5 Pages
    Better Essays
  • Satisfactory Essays

    Sales Maximisation Model

    • 256 Words
    • 2 Pages

    at maximization it sales revenue (price x quantity0 rather than its profit. Hence his hypothesis has come to be known as sales maximization theory & revenue maximization theory. According to baumol‚ sales have become an end by themselves and accordingly sales maximization has become the ultimate objective of the firm. Hence‚ the management of a firm directs its energies in promoting and maximizing its sales revenue instead of profit. The goal of sales maximization is explained by the management’s

    Premium Profit maximization Revenue Marketing

    • 256 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Wealth Maximisation

    • 1487 Words
    • 6 Pages

    your arguments in favor of wealth maximization of one of the goals of financial Management and Functions of Finance. Wealth Maximization: Wealth maximization has been accepted by the finance managers‚ because it overcomes the limitations of profit maximization. Wealth maximization means maximizing the net wealth of the company’s share holders. Wealth maximization is possible only when the company pursues policies that would increase the market value of shares of the company. There are some

    Premium Project management Finance Corporate finance

    • 1487 Words
    • 6 Pages
    Good Essays
Previous
Page 1 2 3 4 5 6 7 8 9 50