Business objectives Flashcards

1
Q

What are some business objectives?

A
  • Profit maximisation
  • Revenue maximisation
  • Sales maximisation
  • Satisficing (earning just enough profits to keep SH happy)
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2
Q

How do you calculate profit maximisation?

A

Where MC=MR

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3
Q

How do you calculate revenue maximisation?

A

MR = 0

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4
Q

How do you calculate sales maximisation?

A

AC = AR

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