Business Studies, asked by hephzijustin, 3 days ago

What is the role of profit in business?​

Answers

Answered by beautyxSis
124

Source of finance : Profit is a source of finance for expansion and diversification of business activities, A part of the profits can be retained for increasing the volume of the business. or goodwill of the business firms. With profit increasing over time, a business enterprise gains reputation.

Answered by mandavic57
1

Answer:

it helps in expansion of the firm and Goodwill and it starts the peoples to invest

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