Business Studies, asked by Anonymous, 5 months ago

Explain the importance of profit in business

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Answers

Answered by royalvk7
2

Answer:

A good definition of profit is "the reward or return for taking risks & making investments". For most businesses, making a profit is a key business objective. You also need to appreciate that profit is also the most important source of cash flow & finance for a business.

Answered by Anonymous
2

Explanation:

A good definition of profit is "the reward or return for taking risks & making investments". For most businesses, making a profit is a key business objective. You also need to appreciate that profit is also the most important source of cash flow & finance for a business.

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