The Goal of the Firm Is

question 89

Multiple Choice

The goal of the firm is

• A) low labor turnover.
• B) to maximize sales.
• C) to minimize costs.
• D) profit maximization.

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Definitions:

Humanistic Perspective

A psychological approach that emphasizes personal growth, self-acceptance, and the concept of self-actualization.

Self-determination

The process by which a person controls their own life.

Self-transcendence

A state or quality of going beyond the personal self to achieve a broader, more holistic, or spiritually connected sense of being.

Self-actualization

The act of bringing to fruition one's qualities and potential, perceived as a fundamental drive or demand present in all people.