Economy, asked by gamdhaikshabnam, 5 months ago

what is the importance of profit in business ?
hi

Answers

Answered by cristy6391

5

Explanation:

Profit equals a company's revenues

minus expenses. Earning a profit is

important to a small business because

profitability impacts whether a company

can secure financing from a bank, attract

investors to fund its operations and grow

its business. Companies cannot remain in

business without turning a profit..

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