SSC
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What does a private limited company aim to do?
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Maximise profits
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To promote awareness of “good causes”
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -Profit maximization Profit is essential for two reasons – rewarding investors for investing their money into the business and for financing further growth of the business. Also, the idea of generating profit in the future is necessary to persuade entrepreneurs to take risks and start up new businesses.
Detailed explanation-2: -Indeed, a firm maximizes its own total revenue or sales.
There is 1 question to complete.