About Costs, Benefits And Consequences Of Profit Maximization In Business Assessment Answer

Please choose ONE topic and write your essay on the chosen topic only.

Topic 1

Analyse and draw conclusions about the costs, benefits and consequences of profit maximization as a business goal. Investigate the goals of businesses and organizations that are additional to or alternatives to PROFIT MAXIMISATION. Provide examples of alternative goals and evaluate why firms may pursue different goals. Draw conclusions and make recommendations from your investigation.

Terms to start your investigation: Altruism, rent seeking, tax avoidance and evasion, corporate social responsibility, volunteering and not for profit secto, market share & revenue maximization.

Topic 2

Acad, Honesty Declaratio Describe and explain the characteristics, the economic features and provide a range of examples of public (common) goods. Analyse why public goods are generally overconsumed and undervalued. Investigate AT2 Turnitin Dropbox policies that have been proposed and implemented in order to preserve, conserve and make public goods more sustainable. Draw conclusions and make recommendations from your investigation.

Topic 3

Investigate and describe the conditions of the market (supply & demand conditions, price and income elasticity of demand, as well as, available substitutes) for cigarettes. Describe and evaluate the costs and benefits of this product to the producers, the consumers, the society and governments. Draw conclusions and make recommendations from your investigation.

Terms to start your investigation: Excise tax, Big tobacco, negative externalities, income elasticity of demand, hypothecated tax, and the demographics of smokers.

Other information about this assessment, including due .te and time, length, submission method and format and other requirements are provided in the course outline. Please refer to the course outline for these details.