profit-maximising

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profit-maximising

A company sets its profit-maximising price for a new product.

Definition
  1. Adjective:
    • Designed or intended to make profit as large as possible: The term describes a strategy, behavior, or decision that aims to achieve the highest possible financial gain.
Usage
  • The adjective profit-maximising is used to describe the primary goal or characteristic of a business entity, its management, or a specific action. It is a formal term common in economics, business theory, and corporate analysis.
  • It typically modifies nouns like , , , , , or .
Examples
  • The company's profit-maximising strategy focused on reducing production costs.
  • Economists often assume firms are profit-maximising entities.
  • Setting a profit-maximising price requires careful analysis of market demand.
Advanced Usage
  • "profit-maximising level of output": the specific quantity of goods a firm must produce to achieve maximum profit.
    • The factory adjusted its production to reach the profit-maximising level of output.
  • "profit-maximising condition": in microeconomics, this often refers to the point where marginal revenue equals marginal cost.
    • The lecture explained the profit-maximising condition for a monopolistic market.
Variants and Related Words
  • Profit-maximizing (adj): The standard spelling in American English. It has the same meaning as "profit-maximising."
    • The profit-maximizing price was calculated by the software.
  • Profit maximisation (n, UK spelling) / Profit maximization (n, US spelling): The act or process of making profit as great as possible.
    • The board's primary objective was profit maximisation.
  • Profit-maximiser (n, UK spelling) / Profit-maximizer (n, US spelling): An entity (like a firm or individual) that seeks to maximize profit.
    • In the classic model, the firm is a pure profit-maximiser.
Synonyms
  • Profit-oriented: Having profit as the main aim.
  • Gain-maximizing: Focused on maximizing gains (often interchangeable in economic contexts).
Antonyms
  • Non-profit: Not operated for the purpose of making a profit.
  • Loss-making: Resulting in a financial loss.
  • Revenue-maximising: Aiming to maximize total sales revenue rather than profit.
profit-maximising

A company sets its profit-maximising price for a new product.

Adjective
  1. making the profit as great as possible
    • the profit-maximizing price

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