The basic objective of a firm should be to:
A) engage in some specific business activity that will perform a socially and economically useful function.
B) develop an organization to carry on the business and implement its strategies.
C) earn enough profit to survive.
D) All of the above.
E) Only B and C above.

Question

Quizplus · Accepted Answer

The basic objective of a firm should be to engage in some specific business activity that will perform a socially and economically useful function, develop an organization to carry on the business and implement its strategies, and earn enough profit to survive. All three objectives are equally important for the success and sustainability of a firm. Therefore, option D is the correct choice.

The Basic Objective of a Firm Should Be To