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3.7.5 - Objectives of firms

Unit 3.7.5 - Objectives of firmsThe objectives of firms refer to the clearly defined and measurable goals or targets of an organisation. The Cambridge IGCSE Economics (0455) syllabus states that students needs to understanding the following objectives of firms: (1) survival, (2) social welfare, (3) profit maximisation, and (4) growth.Survival refers to any action taken by firms to remain operational or in existence....

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