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Question
for - profit organizations pursue several different types of goals such as profit, sales, market share, and quality, among others. which statement is most accurate? multiple choice if profits are acceptable, a company may elect to maintain or increase its sales even though profits may not be maximized. social responsibility and employee welfare goals are reserved for nonprofit organizations. a business firm should select only one business goal so it can maintain focus. selecting a market share goal is only meaningful if you first make profit a goal. customer satisfaction goals are known to increase costs and reduce profits.
For - profit organizations have multiple goals. When profits are at an acceptable level, a company may prioritize sales growth as it can lead to long - term benefits like increased market share and brand recognition, even if short - term profit maximization is not achieved. Social responsibility and employee welfare are also important for for - profit firms. A business can have multiple goals. Market share can be a standalone goal for growth. Customer satisfaction can lead to long - term profit through customer loyalty.
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If profits are acceptable, a company may elect to maintain or increase its sales even though profits may not be maximized.