What is the fundamental goal of Business?
The goal of any business is to make a profit. If it does not make a profit, it is not a business, it is an expensive hobby.
What is the fundamental goal of business?
The goal of all businesses is to make money for the owners while providing some service for the customer.
What is the fundamental goal of Business?
One simple word Profit
What is the fundamental goal of business?
To make a reasonable return on investment made by the shareholders.
What is one fundamental difference about how business is done in China compared to the U.S.? Can you quantify it in exact words or is it slightly more abstract?
Americans, myself included, do not understand the goal of business in China. That makes it difficult for us to do business in China. In the West, the purpose of business is to make profit, but profit is viewed as immoral in China. That has been true since imperial times. I believe that helps to explain how Mao converted the country to Marxism. When China reopened to trade in the 80s and 90s, we thought we had converted them to profit maximizers, but that was clearly just what they wanted us to think. Xi Jinping remains committed to Marxist socialism.
The fundamental goal of a firm or a business is to? is it b or c?
a. employ labor in the most socially responsible manner possible. b. produce the largest number of output units possible. c. earn the highest possible returns. d. organize the factors of production and take risks.
What is the fundamental goal of a firm or a business?
Maximize the profit
The goal of most business firms is to:?
a. Maximize total revenue. b. Maximize total profit. c. Maximize both total revenue and total profit at the same time. d. Produce as much output as possible.
Is the ultimate goal of any business to make a profit?
Thanks for the A2AYes, except for non profit organizations, the goal of every business is to make a profit. In fact, it is considered the moral obligation to obtain the best possible return on investment for its stockholders. There are cases where stockholders have sued management for failure to seek the best return, by taking too much social responsibility in making charitable contributions to return something to the community. Under Clayton and Sherman antitrust laws, the FTC has the right to prosecute for not charging enough sales price (actually, it is only when a company with strong financial ability sets a selling price below their actual cost, and is showing a concerted effort to hurt their weaker competition by trying to put it out of business that this becomes illegal, but you can see, it is expected that a company charge the most that they can). There is an actual case, Dodge vs Ford in 1919 which is still controlling law, from the Michigan Supreme Court, that Ford could not lower prices and give raises to production workers after Henry Ford announced to his stockholders that his chief goal was not to provide for stockholder return. He believed it was in the long term best interests in the company, which you would think would be in the best interests of stockholders to increase stock price and hence their value, but without proof, the court ruled that Ford needed to pay dividends, instead. There are typically one of three types of business: a sole proprietorship, a partnership, or a corporation, but some States have developed a hybrid that has a limited purpose of giving a certain percentage of earnings to charities. This creates a legal exception, to which those purchasing stock are well aware of their status.