Question

in which business why it essential to make a profit. a) commercial industry b) it provide funds for future extension c) it increase the reputation of a company d) all the above
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Answer 1

Answer:

it provide funds for future extension

Answer 2

Answer:

b). it provide funds for future extension

Profit is essential in a business as it provides funds to the company or industry for future extension.

Explanation:

• For a business to grow its operations, it must turn a profit.
• For a business to grow its operations, it must turn a profit. Making a profit enables you to grow your operations internationally, build additional business sites, buy another company, and target new customers.
• Expanding your firm is done to boost revenues even more.
• Every business, including non-profit organisations, depends on profit to survive.
• A company won't last long if it is not profitable, and this is the main cause of business closures and closures.
• Non-profit organisations are so-called because of what they do with the money they do make, not because they don't turn a profit.
• Non-profit organisations invest their income in research and charitable causes rather than boosting their own or investors' personal wealth.

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