Question

What should a firm's primary objective be, given that it might actually be the most beneficial...

What should a firm's primary objective be, given that it might actually be the most beneficial for society in the long run?

Business   Finance   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #2

The firm's primary objective should be to be profitable while doing the business ethically. Doing so is the most beneficial for the society in the long run. If the company is profitable in the long run, the employees are paid well and since the business is conducted in an ethical manner the society is well served. The customers will also be satisfied with the company and the suppliers will be paid well and on time. Overall doing the business in an ethical manner and being profitable in the long run serves the society to be most beneficial.

answered by: anonymous
0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
What should a firm's primary objective be, given that it might actually be the most beneficial...
What should a firm's primary objective be, given that it might actually be the most beneficial for society in the long run?
What should be the primary objective of managers?
What should be the primary objective of managers?
What options trading position would be the most beneficial to have for each market condition given...
What options trading position would be the most beneficial to have for each market condition given below.    A strike price (K) of $75 and a stock price of $95. A strike price (K) of $255 and a stock price of $175.    A stock price of $20 and a strike price (K) of $50. A stock price of $175 and a strike price (K) of $105. a. Long call b. Long put c. Short call d. Short put
Why are standards important for globalization?  Also, while standards are ‘voluntary’ and appear to be beneficial or...
Why are standards important for globalization?  Also, while standards are ‘voluntary’ and appear to be beneficial or at least benign, might this process actually inhibit innovation?  What is the long-term implication of Huawei’s lead in 5G technology and standards?  
Why are standards important for globalization?  Also, while standards are ‘voluntary’ and appear to be beneficial or...
Why are standards important for globalization?  Also, while standards are ‘voluntary’ and appear to be beneficial or at least benign, might this process actually inhibit innovation? What is the long-term implication of Huawei’s lead in 5G technology and standards?  
What might be the objective of a museum? Of a firm? Do they have the same...
What might be the objective of a museum? Of a firm? Do they have the same objective? Why or why not?
The primary objective of the statement of cash flows is to show cash flows and what...
The primary objective of the statement of cash flows is to show cash flows and what type of cash flow it is. True or False?
a) A firm's long-run total cost function is given by LTC = 115,000 Q – 500...
a) A firm's long-run total cost function is given by LTC = 115,000 Q – 500 Q 2 + Q 3, where long-run marginal cost is given by LMC = 115,000 – 1,000 Q + 3 Q 2. At what range of output does this firm have economies of scale?
Suppose that a firm's fixed proportion production function is given by q = min(2k, 4L), and...
Suppose that a firm's fixed proportion production function is given by q = min(2k, 4L), and that the rental rates for capital and labor are given by v = 1, w = 3. A) Calculate the firm's long-run total, average, and marginal cost curves. B) Graph these curves. C) Suppose that k is fixed at 10 in the short run. Calculate the firm's short-run total, average, and marginal cost curves and graph them. D) Now suppose in the long run...
What do you think the pro's and con's of objective tests are. How might they be...
What do you think the pro's and con's of objective tests are. How might they be useful and in what situations. How might they not be useful.
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT