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A firm's main aim is to

Economics
WAEC 2011

A firm's main aim is to

  • A. survive the business
  • B. maximize profits
  • C. increase its market share
  • D. satisfy the ambition of its managers
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Correct Answer: Option B
Explanation

The main objective of every firm in business is to maximize profits while minimizing cost.

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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