The primary aim of financial management is:

Option 1 -> Profit maximisation focuses only on increasing profits without considering time value of money, risk factors, or long-term sustainability.

Option 2 -> Sales maximization aims at increasing sales volume but doesn't ensure profitability or value creation for shareholders.

Option 3 -> Production maximization focuses on maximum output but ignores cost efficiency, profitability, and shareholder interests.

Option 4 -> Wealth maximization focuses on increasing shareholder wealth by maximizing the market value of shares while considering time value of money, risk, and long-term growth.

Hence, Option 4: Wealth maximization -> This is the primary and modern objective of financial management as it aims to maximize shareholder wealth by increasing the market value of the company's shares. Unlike profit maximization, it considers the time value of money, risk factors, and ensures long-term sustainable growth, making it a comprehensive goal that benefits all stakeholders. -> correct