HELP economics A level question

Hey i really need some help with this question, can anyone just give some general advice on how they would go about it? I understand that the answer will be highly dependent on the type of industry, so for reference I'm referring to the tech industry. Thank you!

‘Revenue maximisation is a more realistic business objective than profit maximisation for many businesses.’
To what extent do you agree with this statement? Refer to an industry of your choice in your answer. (25 Marks)

Hey i really need some help with this question, can anyone just give some general advice on how they would go about it? I understand that the answer will be highly dependent on the type of industry, so for reference I'm referring to the tech industry. Thank you!

‘Revenue maximisation is a more realistic business objective than profit maximisation for many businesses.’
To what extent do you agree with this statement? Refer to an industry of your choice in your answer. (25 Marks)

Hi, are you sitting the autumn exams by any chance?

Hi, I am just thinking that some industries have really large fixed costs, this may be applicable in the tech industry, and if so revenue max could generate greater profits as economic profit=revenue-costs.

Also if firm has perishable goods, such as a florist. These flowers would need to be sold before they wilt, and if not sold, they would have to be thrown away. In this case it is rational for the firm to aim to revenue max, to dispose of this stock to at least cover the costs of it.

Hope this help, I don't know what the mark scheme would say, but this is how I would start to approach it.

Hi, I'm currently year 13 so no, just autumn mocks