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  • 24-03-2017
  • Business
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How does the profit motive affect the goals of producers?

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20AmmyUribeagu
20AmmyUribeagu 20AmmyUribeagu
  • 24-03-2017
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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