Wednesday, 5 October 2016

Economic objectives of firms



  • In many firms there is separation of ownership.
  • Higher dividends for shareholders.
  • Therefore managers may create a minimum level of profit.
  • More profit can be used to finance research and development.
  • Increased market share increases monopoly power.
  • Higher profit makes the firm less vulnerable to takeover.
  • Ncreasing market share may force rivals out of business.
  • Higher profit enables higher salaries for workers

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