Explain the relationship between profitability objective and other objectives of business.

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Bukharisulemanfayadidn Bukharisulemanfayadidn

06-10-2021
Business

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Explain the relationship between profitability objective and other objectives of business.

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Colinaresmylaidn Colinaresmylaidn · Answer 1 · 2021-10-06T00:18:43-04:00

Colinaresmylaidn Colinaresmylaidn

06-10-2021

Explanation:

Higher profits allow a company to pay higher wages, distribute more dividends to shareholders, and weather an economic downturn. Many other goals, such as improving corporate image and increasing market share, can be used to maximize long-term profit.

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