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Profit maximization:

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c) Profit maximization as the goal of financial function ignores the time pattern of returns and the objective of profit maximization does not differentiate between the returns received earlier and the returns received later.

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Wealth maximization:
Due to the limitations attached with the profit maximisation as an objective of the finance function, it is no more accepted as the basic objective. Nowadays, the objective of the business should be to maximize its wealth and value of the shares of the company and this object can also be stated as maximization of value.
The value of an asset is not judged in terms of its cost but in terms of the benefit it produces.

The goal of wealth maximization is supposed to be superior to the goal of profit maximization due to the following reasons:
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