Time left 0:58:55The goal of the firm be defined as aSelect one:O a. Target against which its performance can bemeasuredO b. Target against which its plans can bemeasuredO c. Target against which its sales can bemeasuredd. Target against which its cost can be measurede.None of the optionsL C

Answered: The goal of the firm be defined as a

Business

Management

The goal of the firm be defined as a

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Question

Time left 0:58:55
The goal of the firm be defined as a
Select one:
O a. Target against which its performance can be
measured
O b. Target against which its plans can be
measured
O c. Target against which its sales can be
measured
d. Target against which its cost can be measured
e.
None of the options
L C

Expert Solution

Step 1

A business comprises different activities that finally lead to market development and competitiveness. A business has the responsibility to fulfill the needs of its stakeholders such as employees, investors, and customers. It also has a certain role toward its society and environment protection by following effective ways. Thus, it must design goals to satisfy customers along with its internal profit objectives.

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