what is the role of profit in business??3 marks.....
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Role of Profit in Business, Is Profit the Sole Objective of Business. In all business undertakings in the private sector, the main motive is to earn profit. ... Infact 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 ...
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Every business is established with an attempt to read more than what has been invested and profit is the Excess of revenue over cost. An intrapreneur takes so much pain in setting up of Business and profit is the reward for Risk bearing .But it cannot be the sole Motto. There are other social obligations too which he has to considered.
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