Business Objectives

Question 1

Advantages of profit maximisation

Answer 1

• Easier to attract investors as they want dat dollar

- Makes it easier to grow if you set aside profit

Question 2

Disadvantages of profit maximisation

Answer 2

• Demotivates employees as they are less likely to get raises
• Quality of products fucked due to cutting costs

Question 3

Analyse the use of short-term objectives

Answer 3

• Help long term objectives

- Motivates employees