Final answer:
A business aims for growth to increase its market share, benefit from economies of scale, and reinvest profits for expansion. Growth can also lead to a healthy economic climate with personal and business rewards, higher profits, and macroeconomic growth.
Step-by-step explanation:
A business might have growth as one of its objectives because it will be more likely to increase its market share. While shareholders do often prefer growth, it is not always preferred solely over increased profits.
Additionally, businesses aim to benefit from economies of scale rather than diseconomies, as growth can lead to reduced costs per unit through better utilization of resources and improved efficiencies.
Universal Generalizations indicate that businesses can grow by reinvesting their profits into expansion activities such as new plants and equipment, and through mergers. This growth may lead to further opportunities, especially if the business becomes a multinational entity opening up in foreign nations. Also, a healthy economic climate encourages businesses to make decisions that increase their human and physical capital, prompting macroeconomic growth and innovation.