Profit Maximization vs Wealth Maximization
| Feature | Profit Maximization | Wealth Maximization |
|---|---|---|
| Focus | Short-term earnings | Long-term value |
| Planning Horizon | Immediate profits | Long-term growth |
| Risk Management | Minimizes expenses, avoids hedges | Works on risk mitigation |
| Pricing | High prices for maximum margins | Lower prices to build market share |
| Capacity | Enough for current sales | More for long-term projections |