What Is the Fundamental Objective of Most Businesses

question 25

Multiple Choice

What is the fundamental objective of most businesses?

• A) employee empowerment, teamwork, and relationship marketing
• B) satisfied stakeholders
• C) low costs and high quality
• D) customer loyalty and retention
• E) survival, profits, and growth

---

Definitions:

Upsloping

Describes a line or curve on a graph that moves higher as it goes from left to right, indicating an increase in the variable being measured.

Production Possibilities

A concept in economics that describes the different combinations of goods and services that can be produced given fixed resources and technology.

Specialize

To focus on a particular area of study, work, or production, often improving efficiency and quality in that domain.

Trade

An exchange of goods or services between two or more parties.