cost efficiency

Profit

The Role of Profit Maximization in Corporate Decision-Making

November 21, 2022
business strategy
corporate decision-making
cost efficiency
profit maximization
revenue growth

Profit maximization is often considered the ultimate goal of businesses. It involves increasing the revenue of a company while minimizing its costs to achieve the highest possible profit. Profit is the main driving force behind most corporate decision-making, as it allows businesses to grow and expand their operations. However, this approach has been criticized for […]