Learn how monopolies maximize profits by equating marginal cost and revenue. Discover the economic principles guiding price and output decisions in monopoly markets.

In capitalist economies, the primary goal of for-profit companies is to maximize their profits. This doesn't mean that companies focus on profits at the expense of everything else, though. Instead, ...

As a business owner, you know that the bottom line is key. No matter what industry your business is in, optimizing profit should be at the top of your priorities. Profit is essential to the success of ...

Business owners want their bottom line to be as profitable as possible. To increase profit, you must be diligent in cutting frivolous costs and boosting productivity among employees. This ongoing ...

Last week on Forbes, I wrote “Why Business Owners Should Never Let Ego Stand In The Way Of Profits,” which focused on the importance of business owners not losing sight of what’s best for their ...

Opinions expressed by Entrepreneur contributors are their own. For years I’ve taught a simple, “secret” formula to massively grow profits in any business. Interestingly, those starting businesses seem ...

An important component of marketing strategy is to "position" a product in perceptual space. But to realize a perceptual position we must model the link from physical characteristics to perceptual ...