Conclusion

Conclusion Profit maximisation maxim is unrealistic since it is difficult of calculation and not very ethical to pursue. Marginal analysis as a tool of profit maximisation is a valid technique for selecting the most efficient technique out of the various alternatives...

Arguments Against

Arguments Against Those who question the validity of the profit maximization postulate put forward the following arguments:- (i) Enlightened businessmen vehemently deny that their object is to maximise profits. Service of society rather than personal profit is said to...

Arguments For

Arguments For The following arguments are put forward to show that the assumption of profit maximisation is amply borne business behaviour  The businessmen sometimes assert that it is t!Jelr business to look after social welfare, rather than personal gain. Thus, the...