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\nObjectives of Firms: Maximizing Profits and Beyond\n

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\nThe video discusses the various objectives that firms may have, starting with the traditional assumption that firms aim to maximize profits, but also exploring other objectives such as increasing market share, maximizing revenue,...\nThe video discusses the various objectives that firms may have, starting with the traditional assumption that firms aim to maximize profits, but also exploring other objectives such as increasing market share, maximizing revenue, corporate social responsibility, maximizing sales volume, and survival.\n
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Resource Details

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Curator Rating
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Educator Rating
Not yet Rated
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Media Length
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16:18
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Grade
12th - Higher Ed
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Subjects
Social Studies & History
3 more...
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Media Type
Instructional Videos
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Source:
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\nKnowMo Economics\n\n
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Date
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2018
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Language
English
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Audiences
For Teacher Use
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Usage Permissions
Fine Print: Educational Use
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Additional Materials

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\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" href=\"/subscription/new\">Video Transcript\n
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Concepts

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economics, markets, cost, business, revenue, profit
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Additional Tags

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a-level, lectures, micro, competitive, 6.2b, objectives, of, firms, maximizing profits, horizontal axis, post office, local community, monopoly power, short run, public sector, marginal cost, long run, start supporting, marginal revenue, total revenue, longer true, vital services, maximizing revenue, traditional assumption, market share, nonprofit organizations, business objectives, increasing output, decreasing output, maximise profits, firms engage, increasing, decreasing, maximising
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Classroom Considerations

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Best For: Explaining a topic
Video is ad-free
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Educator Ratings

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\n\nShow resource details\n
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\n\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" aria-label=\"Play video: Objectives of Firms: Maximizing Profits and Beyond\" href=\"/subscription/new\">\"Objectives\n\n
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