Economics 0455 · IGCSE · Firms’ costs, revenue and objectives

Firms’ costs, revenue and objectives — practice question

A survey of managers in the USA showed that most businessmen believe a company’s responsibility is ‘to serve the interests of owners, employees, customers and the public’. By contrast, the idea of profit maximisation suggests that a company’s chief responsibility should be to the

  • Acustomers
  • Bemployees
  • Cowners
  • Dpublic

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