The Primary Objective of Most Private Firms Is To

question 90

Multiple Choice

The primary objective of most private firms is to:

• A)maximize revenue.
• B)maximize profit.
• C)minimize cost.
• D)maximize output.

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Definitions:

Employee Performance

The evaluation of the efficiency and effectiveness of an employee in fulfilling job responsibilities and achieving organizational goals.

Business Level Strategies

Plans developed by a business to achieve competitive advantage, focusing on winning over customers, competing in specific markets, and managing product lines.

Job Descriptions

Formal accounts of the duties, responsibilities, required qualifications, and reporting relationships of a specific job.

Training Plans

Structured programs designed to enhance the skills, knowledge, and competencies of employees for improved performance.