Business Studies, asked by abisheknaik8751, 9 months ago

What is the main motive for doing business

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Answered by simran7539
5

Answer:

The profit motive is a key tenet of rational choice theory, or the theory that economic agents tend to pursue what is in their own best interests. In accordance with this doctrine, businesses seek to benefit themselves and/or their shareholders by maximizing profits.

Answered by srushtijadhav2006
2

Answer:

Profit Maximization

According to economist Milton Friedman, the main purpose of a business is to maximize profits for its owners, and in the case of a publicly-traded company, the stockholders are its owners.

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