why is business very profitable
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Answer:
Business rely on profit to new inventory expand operations and finance product development. without profit, a business would stagnate and risk losing its market share to other competitors. Large businesses need to raise profits to keep share prices high and pay dividends to shareholders.
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Answer:
Earning a profit is important to a business because profitability impacts whether a company can secure financing from a bank,
Explanation:
- Businesses rely on profits to buy new inventory, expand operations and finance product development.
- Without profit, a business would stagnate and risk losing its market share to other competitors.
- Large businesses need to raise profits to keep share prices high and pay dividends to shareholders.
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