Profit maximization fails to provide an appropriate goal for financial managers because It allows in achieving the objects to maximize the business operation for profit maximization. The ultimate goal of any enterprise is to earn a large amount of go back in phrases of income. as a result, this goal of financial management considers all of the viable ways to increase the profitability of the enterprise concern.
Profit maximization is the primary purpose of any business, and therefore it's also an goal of financial control. In monetary management, it represents the manner or the method by using which income incomes in keeping with percentage (EPS) is extended.
Even as profit maximization in monetary control has the potential to bring in extra money within a brief-time period, lengthy-time period incomes may be notably dwindled. Reducing production high quality for the sake of improved income will harm your brand, disappoint clients, and allow competitors to thieve your enterprise.
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