Question

the objective of profir maximization

should be achieved through legal and ethical means

Answer 1

The above statement is correct and need of the global business for prosperous future. Every organization hai one the basic objective i.e., profit maximizing which is required for growth and existence of business. Though it is very much important for business concern but the concern should not use unethical and illegal means to acheive this objective.

sometimes such means seams to be very tempting but in order to promote a healthy competition, a business concern shkuld never indulge in such means. Business should be carried out in atmost legal and ethical manner.

Illegal matter as to concealment of profits for paying less tax, or showing more profit for increased market value, should all be avoided. Unethical act as to providing less price to customer as compare to competitor, just to grab the customer of competitors should be avoided.

The above are just examples there are a number of illegal acts and unethical practices prevalent in the economy by number pf organizations for profit maximization. Such acts should be avoided at large to promote healthy business world wide.