Economics 9708 · AS & A Level · 7.8

7.8 — practice question

LMN Ltd is a fairly small, family-owned producer operating in a market controlled by a few major firms. Because its product is distinctive, the owners are sure they can sell enough to generate sufficient revenue to achieve the firm's minimum acceptable performance level. Apart from survival, what is the most likely objective of LMN Ltd?

  • Aprofit maximising
  • Bprofit satisficing
  • Crevenue maximising
  • Dsales maximising

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