what is the role of profit in business
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18
simple Loss and ya if there will be no profit you are going to be in streets like Berger
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33
role of profit in business are
⭐for survival --> whenever any business is being set up then first challenge for the business is to survive. the profit will help the business to survive.
⭐ growth and expansion--> when the business is settled then it must need to grow and expand to increase profit more n more.
⭐ increase efficiency --> when the business is earning good profit then the workers working in this will be motivated.
⭐earn goodwill ---> profit earning also helps the business to earn good will in the business. profit will make people get interested in business and to invest their share in the business.
⭐for survival --> whenever any business is being set up then first challenge for the business is to survive. the profit will help the business to survive.
⭐ growth and expansion--> when the business is settled then it must need to grow and expand to increase profit more n more.
⭐ increase efficiency --> when the business is earning good profit then the workers working in this will be motivated.
⭐earn goodwill ---> profit earning also helps the business to earn good will in the business. profit will make people get interested in business and to invest their share in the business.
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