The basic objective of every business is profit maximization. Profit may be regarded as essential objectives of business.” In the light of this statement, state any three role of profit in the business.
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in any business entrepreneur aims at profit bcs is an essential part of the business if any case no profits earned in the business there is no long going the business. profits helps to improve the business, if we want to expand our company or any type of business organisation there is a lead point is profit, it's helps an business to move on next level
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profit is lizard as essential part of business book of the following reason
- it isn't reward that is received in business
- it is an source of income for the business person
- with the high profit we can make a proper stand and proper value in market
- profit it help to attract investors to invest in our business
- the business cannot remains stand without earning profit
it will good reputation of business enterprise
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