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 these are basic objectives of a firm.

Question

Quizplus · Accepted Answer

The basic objectives of a firm include engaging in some specific business activity that will perform a socially and economically useful function, developing an organization to carry on the business and implement its strategies, and earning enough profit to survive. Therefore, all of the given options are essential objectives of a firm.

The Basic Objective of a Firm Should Be To