Question

PROFIT EARNING IS THE MAIN OBJECTIVE OF BUSINESS. EXPLAIN?​

Answer 1

Role of Profit in Business, Is Profit the Sole Objective of Business. In all business undertakings in the private sector, the main motive is to earn profit. ... Infact profit is the oil which drives the wheels of business. Profit is the total revenue from sales minus the total cost of resources employed by the entrepreneur ..

Answer 2

Profit Earning: ... Profit is the lifeblood of business, without which no business can survive in a competitive market. In fact profit making is the primary objective for which a business unit is brought into existence. Profits must be earned to ensure the survival of business, its growth and expansion over time.

Similarly, business objectives are something which a business organization wants to achieve or accomplish over a specified period of time. These may be to earn profit for its growth and development, to provide quality goods to its customers, to protect the environment etc. These are the objectives of business.

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