Profit maximization

Profit maximization means making as much money as possible from your business. When you own a business, it's important to find ways to maximize the money or "profit" you make. To do this, you need to think of ways that you can sell more of your products or services, or find ways to make them more efficiently. You also might consider setting prices that customers are willing to pay, and find ways to reduce costs like buying supplies in bulk to get a cheaper price or negotiating with suppliers.