Question

Q2. "Profit is not an objective but a requirement of Business." Do you agree with this statement? Support your answer with reasons. (6 Pts)​

Answer 1

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• ✏"Profit is not plays an objective but a requirement of Business." Do you agree with this statement ? Support your answer with reasons.✍

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$\sf\large{\underline{\underline{Answer:}}}$

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

• ✏$\sf\large{\red{Survival}}$⛄

• ✏$\sf\large{\purple{Growth}}$⛄

• ✏$\sf\large{\orange{Reward\: for\: risk\: bearing}}$⛄

• ✏$\sf\large{\green{Improves \:goodwill}}$⛄

Answer 2

Explanation:

Yes I agree. been observed that for achieving other economic as well as social objectives, profit must be earned. The business in which the profit is meagre or no profit is earned, closes down quickly.