Profit is not an objective but a requirement of business. Do you agree with this statement? Support your answer with reasons.
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yes agree with the statement as profits are required to expand the business, to continue business
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LET me help you in handling this.
As from the definition of the term business activity, it is any activity done by exchanging goods and services with the aim of making profit.
Therefore profiting making should be the core requirement since it is the purpose of the existence of the business.
However the business should the other way round offer quality goods and services as expected by the consumers.
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