In Financial Management what is the meaning of financial Goal and Explain Profit Vs. Wealth Maximization?
In Financial Management what is the meaning of financial Goal and Explain Profit Vs. Wealth Maximization?
A financial goal - is a certain sales or profit goal the company or individual sets as an objective either for the month, quarter or year.
Profit is simply the income produced after all expenses. (sales - expenses)
Wealth maximization - The attempt to produce as much profit by controlling costs and managing tight budgets.
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