The objective of profit maximization is rarely operational because its achievement is difficult to measure.

Question

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Profit maximization is difficult to measure as it depends on various factors such as market demand, competition, and operating costs. It is also subjective as different stakeholders may have different opinions on how much profit is considered maximal. Therefore, businesses tend to focus on other objectives such as revenue growth, market share, or customer satisfaction, which are easier to measure and align with long-term sustainability.

The Objective of Profit Maximization Is Rarely Operational Because Its