Read this statement: The primary goal of the business firm is to maximize the wealth of the firm's owners. For a corporation, this statement means that managers should focus on maximizing the wealth of its shareholders or its:

The correct answer is: Stock Price.

Explanation:

To begin with, those organization that are focus on making profits are the ones who have to work in order to ensure the fact of maximizing the wealth of is shareholders or its stock price so in that way when the price rises the money that will enter the company will be increase as well too. So that is why that the managers to the companies must focus on the task of improving the production and all the systems of the organization so that will mean that the company is trying to sell more and therefore to maximize its profits due to its primary goal.

Marketing plans and strategies are important because they make sales easier for any business owner. When you target your ideal customer in a smarter way, you reduce the costs of marketing and increase your chances of converting leads into sales.

Explanation: