Question

The wealth maximization goal is generally preferred to other decision criteria regardless of the above limitations. What short and precise explanation do you have for this?

Answer 1

Explanation:

Wealth maximization is actually a new technique used in financial management. This technique focuses on maximization of profit,  maximum utilization of business and assets in order to generate maximum revenue for its stakeholders. This has more scope than simply considering the profitability

This looks after the market price of the capital invested in business and uplifting that market price