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Profit Maximization vs. Wealth Maximization
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China in transition: health, wealth, and globalisation
1Peking University National School of Development, Beijing 100871, China.
The Lancet. Public Health
|September 9, 2019
Abstract
No abstract available in PubMed .
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Profit maximization aims to achieve immediate financial gains by reducing costs and increasing revenues. This short-term focus involves aggressive cost-cutting and sales strategies. For example, Amazon initially pursued profit maximization by optimizing operations and rapidly expanding its product range. Although this approach increased short-term profits, it often led to criticisms regarding labor conditions and environmental impacts.
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