Why is profit maximization, by itself, an inappropriate goal? What is meant by the goal of maximization

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Why is profit maximization, by itself, an inappropriate goal? What is meant by the goal of maximization of shareholder wealth?

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Foundations of Financial Management

ISBN: 978-1259194078

15th edition

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen

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Question Posted: Oct 14, 2014 05:30 AM

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Why is profit maximization, by itself, an inappropriate goal? What is meant by the goal of maximization

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The problem with a profit maximization goal is that it fails to take account of r...View the full answer

Foundations of Financial Management

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