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Goals of a firm

Goals of a firm

by Tousif Quraishy -
Number of replies: 4

The objective of a firm is to maximize its profits, defined as revenues minus costs.

In reply to Tousif Quraishy

Re: Goals of a firm

by Tajmim Akter Arthi -
Can You please tell me how can I maximize my firm's profit? And You said the objective of a firm is to maximize its profits so isn't there's any other objective like sustainability ,quality of products etc?
In reply to Tajmim Akter Arthi

Re: Goals of a firm

by Tousif Quraishy -
Thank you very much for asking the question. First of all businesses is always about reducing costs and maximizing profits. Any company can do better by optimizing either end. Although certain strategies like lead generation and web redesign may increase profits in the long haul, there are also things you can do to unlock your company's profit potential without substantial funding. It is only a matter of identifying the opportunities for improvement, making the necessary adjustments, and reaping the rewards of your decisions. Now I can answer the last part of your question. Of course, the points you raised in your question are very important because if you think deeply, you will understand that we are talking about the objective of firm. The objective of the firm is to maximize profit and in order to maximize this profit, we need to provide quality products or sustainable products or services which helps us to maximize our profits. I hope you got your answer. Thank you.
In reply to Tousif Quraishy

Re: Goals of a firm

by Tajmim Akter Arthi -
Though I am still quite confused about your answer from the last part but its okay . Thanks for replying.