Question

The idea that the mission of business is to produce goods and services at a profit, thus maximizing its contribution to society is associated with Group of answer choices Adam Smith. Archie Carroll. Jack Ma. Noel Biderman Milton Friedman.

Answer 1

Answer:

Milton Friedman.

Explanation:

Milton Friedman is an American economist born on the 31st of July, 1912 in New York, United States of America. Milton is a Nobel laureate for his notable work on monetary history and theory, consumption analysis and the complexity of stabilization policy.

The idea that the mission of business is to produce goods and services at a profit, thus maximizing its contribution to society is associated with Milton Friedman.

This ultimately implies that, most business firms have a mission of producing goods and services that meets the need or requirements of the consumer, as well as generating profit to the business firm.