A business firm's only objective should be to earn enough profit to survive.
Correct Answer:
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Q1: If the cost of production per unit
Q3: Trying to maximize short-run return on investment
Q4: Earning a profit probably should be one
Q6: Smaller producers always have a great advantage
Q7: Ownership of patents, a familiar brand name,
Q8: A mission statement substitutes for more specific
Q10: A mission statement sets out the organization's
Q11: A patent owner has a 20-year monopoly
Q12: The objectives of a firm should direct
Q18: Company objectives should lead to a hierarchy
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