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CBSE Class 11-commerce Answered

what is the importance of profit in business ??
Asked by visakham1975 | 14 Aug, 2019, 07:58: PM
answered-by-expert Expert Answer
Earning profit is important for a business due to the following reasons:
  • For surviving in the market
  • It is a source of income for business persons
  • For raising funds for expansion and growth of business
  • It is an indicator for efficient working of a business
  • It is an indicator of acceptance of business and its products in society
  • For building reputation and goodwill in the markets
Answered by charmi | 16 Aug, 2019, 12:56: PM
CBSE 11-commerce - Business Studies
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