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Profit maximization focuses on short-term profit gains, often through cost-cutting, while wealth maximization aims for sustained long-term growth and increased shareholder value. Profit maximization prioritizes immediate profits, whereas wealth maximization considers the broader, long-term implications and sustainability of business decisions.
https://www.synergicssolutions.com/profit-maximization-vs-wealth-maximization-navigating-core-goals-in-financial-management?utm_source=gifyu&utm_medium=ImageSubmission&utm_campaign=SEO
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