Saturday 18 March 2023

The primary purpose of a company is to

 The primary purpose of a company is to

Please shareholders

Maximize profits

Pay their employees

Create products

 

The correct answer is "Maximize profits."

 

The primary purpose of a company is to maximize profits. A company is a business entity that is formed with the intention of making a profit by providing goods or services to customers. The shareholders, or owners, of a company invest capital in the business with the expectation of earning a return on their investment in the form of profits.

 

While paying employees and creating products are important aspects of a company's operations, the ultimate goal is to generate profits for the shareholders. This can be achieved by increasing revenue, reducing expenses, and managing resources efficiently. However, companies are also expected to operate ethically and in compliance with relevant laws and regulations.

 

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