Question

Why is making a profit an essential entrepreneurial action?

Answer 1

Answer:

Profit is much more valuable than the assets of the company. Measures the effectiveness of management – Profit is one way outsiders measure the effectiveness of the management team. ... Hire better employees – Profitability is one of the few things that enable businesses to hire better people. Profit creates cash.

Explanation:

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Answer 2

Answer:

Businesses without profit cannot pay down debt. ... Hire better employees – Profitability is one of the few things that enable businesses to hire better people. Profit creates cash. Companies that are not profitable don't have the cash resources to pay or increase the pay of good employees.