Business Studies, asked by bpss180, 6 months ago

any three reasons why a business concern must earn profit

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Answered by Anonymous

2

Explanation:

Profit is the primary component that grows balance sheet equity. Growth in equity allows growth in lender/vendor debt. Ability to borrow money – Lenders won't lend money to businesses that are not profitable. Lenders look to profit to pay back the borrowed money.Jun 28, 2017

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