Profit Maximisation

question 62

Multiple Choice

Profit maximisation

• A) makes a firm remain small in the long run.
• B) leads a firm to become the target of a takeover.
• C) increases the likelihood that a firm will survive.
• D) makes a firm become as large as possible.

Identify the significance of peer groups and social support systems in adolescent development.

Understand the process of socialization across different stages of human development.

Grasp the importance of self-concept and self-esteem in personal development across the lifespan.

Acknowledge the challenges and issues related to aging, including retirement and the prevalence of diseases in elderly populations.

---

Definitions:

Unrelated Diversification

Unrelated diversification is a corporate strategy involving a firm expanding into business activities that are different from its current operations or markets, aiming to reduce risk through diversification.

Differentiation Strategy

A business approach where a company aims to stand out in the market by offering unique products or services, as opposed to competing mainly on price.

Analyzer Strategy

A business approach that balances maintaining current markets and products while seeking opportunities for innovation.

Strategic Alternative

Various options or plans that an organization can pursue to achieve its goals and objectives.