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Name two ways in which the profit motive improves the managerial decision-making process
Name two ways in which the profit motive improves the managerial decision-making process
Solution
Profit motive improves the managerial decision-making process by :
1. Profit Motive enables the firm to keep working towards innovation , adopting better
technology (Rapid technological change on innovation in products and processes, as well as in
marketing and sales techniques)
2. Profits are achieved when a firm

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Name two ways in which the profit motive improves the managerial .pdf

  • 1. Name two ways in which the profit motive improves the managerial decision-making process Name two ways in which the profit motive improves the managerial decision-making process Solution Profit motive improves the managerial decision-making process by : 1. Profit Motive enables the firm to keep working towards innovation , adopting better technology (Rapid technological change on innovation in products and processes, as well as in marketing and sales techniques) 2. Profits are achieved when a firm