Question

What is the role of profit in business?

Answer 1

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$\textsf{\pink{Q.}}$What is the role of profit in business?

$\textsf{\pink{Ans.}}$ The role of profit in business are as follows :-

i.) Survival
ii.) Expansion and growth
iii.) Symbol of efficiency
iv.) Reward for bearing the risk
v.) Helps to gain reputation / Goodwill

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Answer 2

The role of profit in business are as follows :-

i.) Survival
ii.) Expansion and growth
iii.) Symbol of efficiency
iv.) Reward for bearing the risk
v.) Helps to gain reputation / Goodwill