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 look after the interests of owners, employees, customers and the public. By contrast, the idea of profit maximisation suggests that a company’s chief responsibility ought to be to the

  • Acustomers.
  • Bemployees.
  • Cowners.
  • Dpublic.

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