Question

“Profit is not an objective but a requirement of business”. Do you agree with this statement? Support your answer with reasons.​

Answer 1

Explanation:

Yes , I agree with this statement that profit is not an objective but a requirement of business. A business must earned profit because of the following reasons.

• for long term survival - profit alone helps a business to continue to exist for a long time. A business in which the profit is earned or not profit is earned closed down quick

• 2) for rapid growth - profit provides a sound financial structure for the growth expansion of business

• 3) Increase the efficiency of business - It acts an incentive, motivin workers .so contribute their maximum worth to the enterprise.

• 4) for building reputation and recognition - if business earns adequate profits ,it will pay fair and competitive rules to its employees

Answer 2

Answer:

Explanation:

Yes , I agree with this statement that profit is not an objective but a requirement of business. A business must earned profit because of the following reasons.

for long term survival - profit alone helps a business to continue to exist for a long time. A business in which the profit is earned or not profit is earned closed down quick

2) for rapid growth - profit provides a sound financial structure for the growth expansion of business

3) Increase the efficiency of business - It acts an incentive, motivin workers .so contribute their maximum worth to the enterprise.

4) for building reputation and recognition - if business earns adequate profits ,it will pay fair and competitive rules to its employees