The implications of discarding the profit maximization assumption for the effectiveness and efficiency of the market system relate to the imbalance of the economic laws of supply and demand, which is responsible for the sustainable functioning of the market.
<h3 /><h3>What are profit maximization assumptions?</h3>
It corresponds to the theory that the main purpose of a company is the maximization of profits, with decision making based on this purpose, identifying the best market opportunities and the strategy associated with this objective.
By developing a profit maximization strategy, companies become more competitive and aligned with demand and its characteristics, making the offer balanced, with the allocation of resources necessary for effective fulfillment of demand.
Therefore, the balance of supply and demand helps in sustainable production and pricing, developing the economy and the global market.
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Answer:
maybe a food delivery or clothes type website or a social networking website I don't know if this will help but I do know those 3 options are very common and well used
Explanation:
I think for this item, it will be acceptable if we suggest that the branch manager's salary would be increased. It is through him/her and the dedication of the team members that the sales are very high. If the salary is not increased then, the manager and the team should be compensated for the job well done.
The minimum wage payed employees would be the most negatively affected because if lower price limits weren’t there, the prices would drop drastically to win the customer’s purchase over other markets or businesses. The big bosses would be then forced to cut money out of their employees salary because of the low revenue in money.
I think that’s a great answer someone correct me if I’m wrong!
<u>Answer:</u>
Consumer behavior considers numerous reasons why individual, situational, mental, and social individuals look for items, purchase, use, and afterward discard them.
Evaluative criteria are positive qualities that are imperative to you, for example, the cost of the knapsack, the size, the number of compartments, and shading. A portion of these attributes are valued highly as compared to others. For instance, the size of the rucksack and the cost may be more imperative to you than the shading except if, state, the shading is hot pink, and you despise pink.
