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Sagot :
Of the following types, the last objectives that a firm should specify are its Advertising objectives.
What are the Objectives of firm?
Firms are legal entities that work to offer goods and/or services to their customers, government agencies, and other enterprises.
Profit in economics refers to the returns that exceed the opportunity cost. It is also known as the pure profits.
Most businesses' primary goal is to maximize profits. They can reinvest it, increase dividends, reward entrepreneurship, and so forth.
When the marginal cost equals the marginal revenue, profit maximization occurs. When the average cost equals the average income, which is also breakeven, the goal of sales maximization is attained.
When the marginal revenue is equal to zero, revenue maximization happens. The notion of satisficing refers to forsaking earnings in order to please as many essential stakeholders as feasible.
The separation of ownership and control is also known as the Principal-Agent issue.
Complete Question :-
Of the following, the last objectives that a firm should specify are its _______ objectives .A) marketing objectives.B) promotion objectives.C) company objectives.D) advertising objectives.E) price objectives.
To know more about objectives of organization
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