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Profit maximization is the objective of generating as much profit as possible over time. Sales are the initial steps toward profitability. There are no profits without sales.
Sales maximization is an activity, while profits are a byproduct. It may seem like an odd way to think about sales and profits. Sales require manufacturing, or purchasing, a product for resale.
What we're talking about is the goal of profit maximization, which is what every for profit business needs to aim for or go out of business. In the good times, that means growing intelligently.
A really interesting quick read in the Harvard Business Review implicitly asks whether profit maximization correlates to less efficient health care for the least able and sickest patients. Along ...
Rather, profit maximization is good because it leads directly to maximum benefits for consumers. Profits provide the incentive for firms to do what consumers want.
The outcome is an erosion of profit maximization. To resolve this problem, you must first clearly understand whether you are currently a 'job shop' or a mass production environment. After ...
The late law professor Lynn Stout dismissed shareholder value maximization as a mere myth, albeit a powerful one she claimed "causes companies to indulge in reckless, sociopathic, and socially ...
This would reduce Walmart's operating profit to a still-extremely-healthy $20 billion. It would also give 1.4 million hard-working Americans another $100 a week to spend. And, chances are, they'd ...
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