If profit maximisation is a new biscuit business' aim, which of the following could NOT be one of their key objectives?To spend any amount of money on ethical ingredientsTo minimise ingredients costs to less than £8000To earn over £10000 in revenueFeedback?
Question
If profit maximisation is a new biscuit business' aim, which of the following could NOT be one of their key objectives?To spend any amount of money on ethical ingredientsTo minimise ingredients costs to less than £8000To earn over £10000 in revenueFeedback?
Solution
The option that could NOT be one of their key objectives if profit maximisation is the aim is "To spend any amount of money on ethical ingredients". This is because spending any amount of money without considering the cost could lead to excessive expenditure and reduce the overall profit. The other two options, "To minimise ingredients costs to less than £8000" and "To earn over £10000 in revenue", are both aligned with the aim of maximising profit as they involve reducing costs and increasing revenue respectively.
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