In Attempting to Maximize Profits, Executives and Employees of Capital

question 33

Multiple Choice

In attempting to maximize profits, executives and employees of Capital Solutions, Inc., and other corporations have to distinguish between short-run and long-run profit maximization. Business ethics is consistent only with​

• A) ​long-run profit maximization.
• B) ​short-run profit maximization.
• C) ​no consideration of profits whatsoever.
• D) ​strict adherence to the goal of profit maximization.

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Definitions:

Defender Strategy

A business approach focusing on defending existing market positions and focusing on product or service quality and reliability to retain customers.

Existing Products

Items or goods that have been created and are currently available in the market.

Current Market Share

The portion or percentage of total sales in a market captured by a company or product at a specific point in time, indicating competitiveness.

Failures of Process

Incidents or occasions where a procedure or system does not perform its intended function or fails to produce the desired outcome.