Question

'Although the earning profit cannot be the only objective of business ,its importance cannot be ignored.' explain.

plz answer .....​

Answer 1

Answer:

It cannot be ignored because:

1. It brings creditworthyness.
2. It is important for survival of business.
3. It is a reward for bearing risk.
4. Profit helps in the growth of business.
5. It tell us about the expansion of business in future.

Answer 2

Answer:

Consistent and sustainable profit can be earned only if the business performs useful services to society.  Although, earning profit cannot be the only objective of business, its importance cannot be ignored. Every business makes an attempt to reap maximum profit as possible in the given market conditions.