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2 August, 18:13

How does the profit motive affect the goals of producers?

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  1. 2 August, 18:23
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    Profit motive refers to the concept that the driving force behind the actions and efforts of business enterprises is the desire to earn a profit. More specifically, profit motive means that the overall goal of a business is profit maximization earning the greatest possible profit given the company's competitive strengths and the capabilities of its management team. The business owner maintains a laser focus on this objective, which affects all the decisions a business a producer of goods and servicesmakes.
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