100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
Previously searched by you
Evaluate the extent to which different business objectives may affect a firm’s profits – 20/20 Full Economics Essay Answer: October 2020 Economics Unit 3 Paper on Business Behaviour (WEC13/01)$4.48
Add to cart
Evaluate the extent to which different business objectives may affect a firm’s profits – 20/20 Full Economics Essay Answer: October 2020 Economics Unit 3 Paper on Business Behaviour (WEC13/01)
17 views 2 purchases
Course
Pearson International Advanced Level Economics
Institution
Pearson International Advanced Level Economics
Book
Pearson Edexcel International a Level Economics Student Book Ebook
This is a full mark (20/20) essay written for Question 10, section C of the October 2020 Economics Unit 3 Paper on Business Behaviour (WEC13/01). It answers: " Evaluate the extent to which different business objectives may affect a firm’s profits" for the Microeconomic course YEC11. It is for IAL...
Evaluate whether a firm should always shut down if its costs of production are greater than its revenue - 20/20 Full Economics Essay Answer: January 2021 Economics Unit 3 Paper on Business Behaviour (...
Evaluate why some firms remain small: 20/20 Full Economics Exam Essay Answer - October 2020 (IAL)
20/20 Economics Exam Essay - Evaluate the benefits of takeovers for growth
All for this textbook (6)
Written for
Pearson International Advanced Level Economics
All documents for this subject (4)
Seller
Follow
ilhamedib
Reviews received
Content preview
October 2020 (IAL) Section C, Question 10:
One key objective a business may pursue is profit maximization, which
should enable the firm to generate the greatest level of profits possible at
a given point in time. According to neo-classical theory, private firms are
assumed to prioritize the objective of profit maximization due to the
interests of shareholders and owners. For these stakeholders, maximizing
profits is crucial to maximize their returns on dividend and to enhance
their wealth through rising share prices. Consequently, private firms are
assumed to strive to operate at the point where marginal cost (MC) equals
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller ilhamedib. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $4.48. You're not tied to anything after your purchase.
