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

Posted by Prashansa Shanker 4 years, 5 months ago

CBSE > Class 11 > Business Studies

1 answers

Meghna Thapar 4 years, 5 months ago

Profit may be regarded as an essential objective of business for various reasons (a)It is a source of income for business persons. (b) It can be a source of finance for meeting expansion requirements of business. (c) It indicates the efficient working of business.

An aim is where the business wants to go in the future, its goals. It is a statement of purpose, e.g. we want to grow the business into Europe. Business objectives are the stated, measurable targets of how to achieve business aims. For instance, we want to achieve sales of €10 million in European markets in 2004.

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