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Profits and objectives

  • Stephen Hill
Chapter

Abstract

‘A business firm is an organisation designed to make profits, and profits are the primary measures of its success. Social criteria of business performance usually relate to quality of products, rate of progress and behaviour of prices. But these are tests of the desirability of the whole profit system. Within that system, profits are the acid test of the individual firm’s performance.’1

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Copyright information

© Stephen Hill 1989

Authors and Affiliations

  • Stephen Hill

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