In economics, profit maximization is the short run or long run process by which a firm determines the price and output level that returns the greatest profit. There are several approaches to this problem. The total revenue–total cost perspective relies on the fact that profit equals revenue minus cost and focuses on maximizing this difference, a...
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http://en.wikipedia.org/wiki/Profit_maximization
Maximizing a firm's earnings after taxes (EAT).
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http://wps.pearsoned.co.uk/wps/media/objects/1669/1709588/glossary/glossary
(from the article `business organization`) The guidelines governing management decisions cannot be reduced to a simple formula. Traditionally, economists have assumed that the goal of a ... [4 related articles]
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http://www.britannica.com/eb/a-z/p/118
Strategy to maximize the difference between revenue and cost. In economics, it is assumed that the goal or objective of a private company is to maximize profits, this being in...
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http://www.encyclo.co.uk/local/20688
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