Why is profit maximization supposedly not the most important goal of a company? Explain your answer by citing real life situations

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Answer 1

Answer:

Profit maximization refers to a method adopted by the company to earn more amount of profit through its business operations and investments. Under this, a firm focuses that every decision should contribute profit in the account of the organization.

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If a business experiences a loss for three years straight, the _______ concept tells us to assume the business will continue operations regardless.

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