What are the various reasons for which profit may be regarded as an essential objective of business?

What are the various reasons for which profit may be regarded as an es

1.	What are the various reasons for which profit may be regarded as an essential objective of business?
Answer» Profit may be regarded as an essential objective of business\xa0for\xa0various reasons\xa0(a)It is a source of\xa0income\xa0for\xa0business\xa0persons. (b) It\xa0can\xa0be a source of finance for meeting expansion requirements of\xa0business. (c) It indicates the efficient working of\xa0business.\xa0An\xa0aim\xa0is where the\xa0business\xa0wants to go in the future, its goals. It is a statement of purpose, e.g. we want to grow the\xa0business\xa0into Europe.\xa0Business objectives\xa0are the stated, measurable targets of how to achieve\xa0business aims. For instance, we want to achieve sales of €10 million in European markets in 2004.