3.2.1 - Business objectives Flashcards
1
Q
Why would you profit maximise
A
Best for owners and shareholders
2
Q
Why would you revenue maximise?
A
In order to maximse bonuses and salary of managers
3
Q
Why would you sales maximise?
A
To maximise business growth
4
Q
At what point do firms sale maximise at?
A
AC=AR
5
Q
At what point do firms revenue maximise at?
A
MR=0
6
Q
At what point do firms profit maximise at?
A
MR=MC
