What is the diffbetween wealth maximization and profit maximization?
well ... wealth maximizations is differ from profit maximization...in many ways ... and also can meet each other in various aspects .
wealth maximization is a stratigic target of the entity , while the profit maximizations is a tactical one . the profit maximization always concern with the operational plans .... and the wealth maximization always concern with top managements plans .
the two meet each other in the point of how to maximize the shareholders wealth .
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