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Home Q & A Board Other Fields Homework Help Business Economics
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Catracho Catracho
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5 years ago
This chapter discussed how profit maximizing firms make decisions concerning the input and output markets. In most major business schools students are taught that the main purpose of business is to maximize profits--in other words, to make as much money as possible. Certainly, some companies--like Exxon for instance--practice this idea daily. But should that be the real purpose and goal of business? Discuss this question here--should profit be the #1 goal or should the main goal be to provide a quality product or service at a reasonable price for the consumer, regardless of the profit? Be sure to include your strong argument either way.
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thransanthransan
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5 years ago Edited: 5 years ago, bio_man
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Educator
5 years ago
@thransan

I edited some spelling mistakes!

Catracho, let us know if you need any further assistance
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#3
5 years ago
Thanks!
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