Give reason. OR Explain objective of profit as a characteristics of bu – InterviewSolution

1.

Give reason. OR Explain objective of profit as a characteristics of business.

Answer»

Objective of profit:

Profit is the primary motive of business.
Profit is necessary for the survival and continuity of the business.
In absence of profit the business is quite likely to shut down.
Moreover, how well is the business performing can be known by measuring the profits it earns.
Profit is the barometer of business.

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