Transport economics
- Created by: Annabel smith
- Created on: 05-02-15 16:09
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- Key stakeholders of a firm
- Customer
- They will not be content with a profit max strategy because this results in increase price and restricted output
- Employees
- Employees will be content with a profit max as it means increased wages.
- However, it depends upon how the employees are remerated
- Owner/ shareholders
- Owners will be happy with a profit max strategy because they are concerned most with their return on investment
- Customer
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