Profit vs. Revenue Maximization The long-term strategy of any business is to maximize profits because maximizing personal profit is why people start businesses.

The profit maximization problem is used as an example. The Comparative Statics Wizard is extremely flexible -- any problem solved by Excel's Solver can be run through the Wizard to get comparative ...

Do not confuse profit maximization with revenue maximization. The term "revenue" is used to describe all money that a business receives, while profit refers to the net money that a business earns ...