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"Profit is an essential objective of business due to certain reasons ".Comment |
| Answer» Profit\xa0is the lifeblood of\xa0business, without which no\xa0business\xa0can survive in a competitive market. In fact\xa0profit\xa0making is the\xa0primary objective\xa0for which a\xa0business\xa0unit is brought into existence.\xa0Profits\xa0must be earned to ensure the survival of\xa0business, its growth and expansion over time.\xa0No business can earn profits without satisfying customers and other sections of society similarly, business cannot render service without earning profits. Thus, the real objective of business is to earn profit by serving the interests of consumers, employees, investors, Government and the society as a whole. | |