Objectives of a firm

To maximise profits by minimising its costs of production.
To provide employment for certain members of the population, especially government owned firms.
To protect the environment around the firm and to provide social merits like schools, hospitals, houses and recreational parks.
To grow and expand on the existing capacity of the firm.
To enhance and promote the cultural activities of the community.
To increase sales and satisfy the existing demand conditions as a way of increasing revenue.
To increase and maintain its market share.
To prevent entry of other competing firms in the industry and market.
To ensure its longrun survival i.e decisions are taken to maximise the probability that the firm will survive for a longtime.
The firm could also aim at promoting its good image to the public.