profit maximization
Profit maximization refers to the objective of a business to generate the highest possible financial gains or net income by optimizing its resources and strategies to increase revenue and reduce costs.
Requires login.
Related Concepts (1)
Similar Concepts
- cost optimization
- economic efficiency
- efficiency optimization
- market efficiency
- maximization of well-being
- maximizing resource productivity
- operational efficiency
- optimal capital structure
- optimization
- optimizing productivity
- pareto efficiency
- pareto efficiency in market equilibrium
- pareto efficiency in trade-offs
- pareto optimal allocation
- product optimization