QQuestionBusiness Management
QuestionBusiness Management
"Which of the following best explains the profit motive?
A. The desire to make money for personal gain.
B. The goal of achieving financial success for shareholders.
C. The ambition to generate revenue by meeting consumer needs.
D. The intention to maximize profits by minimizing costs."
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Answer
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Step 1I'll solve this problem step by step:
Step 2: Understand the Profit Motive
The profit motive is a fundamental concept in economics and business that describes the primary driving force behind business activities. We need to carefully analyze each option to determine which provides the most comprehensive explanation.
Final Answer
The ambition to generate revenue by meeting consumer needs is the most complete and nuanced explanation of the profit motive. Rationale: This option best illustrates that businesses don't just seek profits in isolation, but through creating value by understanding and satisfying consumer requirements. It demonstrates a more holistic view of economic activity beyond simple financial calculation.
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