Question

explain the complementation of objectives of a firm​

Answer 1

In the conventional theory of the firm, the principal objective of a business firm is profit maximisation. Under the assumptions of given tastes and technology, price and output of a given product under perfect competition are determined with the sole objective of maximising profits.

Answer 2

The main objective of a firm is maximize on their selling and increase the  profits of the company

Explanation:

• Every company looks forward to dominating the markets and increasing the number of customers buying their goods and services. In a dynamic market it is necessary for the firms to effectively use their resources for creating products that is needed and appreciated by the customers
• The firms need to bring innovative ideas for selling their products and services in a competitive market. For increasing the profits of the company the firms need to be creative in their ideas for attracting the customers on the long run
• For achieving their objectives and being successful the firms need to look at selling their products and also satisfy the customers by gaining their loyalties over the long run. Loyal customers will always benefit the companies and their product over a long run.

To know more about innovative ideas in marketing

What is Marketing Innovation? Explain objectives and methodologies of Marketing of Innovation.

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