profit is an essential objective of business Due to certain regions comment
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In order to , consider any purchase -sale as business ,it is essential that the purpose of the person concerned is to earn profit .But sometime efforts to earn profit can result in some loss. It cannot be said that in case of loss it will not be considered business .The essential condition is that the conduct of the individual should be propelled by a desire to earn profit .
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In order to , consider any purchase -sale as business ,it is essential that the purpose of the person concerned is to earn profit .But sometime efforts to earn profit can result in some loss. It cannot be said that in case of loss it will not be considered business .The essential condition is that the conduct of the individual should be propelled by a desire to earn profit .
✨ Hope this helps you ✨
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Profit refers to excess of income over the expenditure.the foremost and prime objective of every businessman is to on profit. a business couldn't survive without earning profit.not only for survival but it is also required for growth and expansion of business.so profit is considered as an essential objective of business.
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