Do you think that profit making is the only objective of a business?comment
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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. ... (ii) Market Standing Market standing refers to the position of an enterprise in relation to its competitors.
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It is generally believed that profit earning is the primary objective of business. ... Consistent and sustainable profit can be earned only if the business performs useful services to society. Business requires multiple objectives since it has to balance a number of needs and goals related to various aspects of society.
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