Financial management having two objectives that Is:
1. Profit maximization: The finance manager has to make his decisions in a manner so that the profits of the concern are maximized. 2. Wealth maximization: Wealth maximization means the objective of a firm should be to maximize its value or wealth, or value of a firm is represented by the market price of its common stock.
1. Profit maximization: The finance manager has to make his decisions in a manner so that the profits of the concern are maximized. 2. Wealth maximization: Wealth maximization means the objective of a firm should be to maximize its value or wealth, or value of a firm is represented by the market price of its common stock.
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