Question

"Profit seeking element is the primary driving force behind a business." Do you agree with this statement? Support your answer with reasons.


plzz ans it..... I hve to write!!​

Answer 1

Answer:

In all business undertakings in the private sector, the main motive is to earn profit. Profit is the driving force before and after entering into the business field. In fact 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.