Question

7. The main purpose of starting a business is to make ------------ a) Profit b) Loss c) Expenses d) Goodwill

Answer 1

Answer:

d) Goodwill

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Answer 2

The main purpose of starting a business is to make Profit.

Explanation:

• A business is a collection of activities carried out with the intention of selling them for a profit.
• Profit is the excess income above and beyond expenses.
• Profit is the primary goal of any business.
• A company cannot survive without profit, just as a plant cannot survive without water.
• Profit is required for businesses to grow and expand.
• Profit ensures a steady flow of capital for future business modernization and expansion.
• Profits also demonstrate the organization's stability, efficiency, and advancement.

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