Profit Maximization Means Is BEST Described by Which of the Following

question 22

Multiple Choice

Profit maximization means is BEST described by which of the following?

• A) obtaining the largest profit possible
• B) having your supplier carry your inventory
• C) building the lowest cost product possible
• D) selling your product at the highest price possible

---

Definitions:

Establishing Goals

The process of defining clear, achievable objectives to guide personal or professional efforts.

Formal Group

A group structured with specific roles and objectives, often created within organizations to accomplish defined tasks.

Organizational Boundaries

The defined limits that separate an organization from its environment and delineate individual or team roles, responsibilities, and functions within it.

Unspoken Norms

Implicit rules and expectations that govern behavior within a society or group, often understood and followed without being formally communicated.