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Profit, in and of itself, is just merely a return on investment. It is merely making more than what was spent. That, in and of itself, cannot be called immoral. For a small business owner, such as myself, profit is my income. If my business doesn't make more than what it spends, I don't have an income. This issue of morality comes up in how I make that profit. If I make that profit by exploitation, abuse, dishonesty or other nefarious means, my means of making that profit are immoral.
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∙ 13y ago
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What is right or wrong moral or immoral in the business world?
When the business world focuses on greed and making the highest profit it can become immoral. By treating employers and customers right, the business world can be more moral.
Is profit making the primary goal of any business enterprise and why?
Yes, profit making is the primary goal of business. It is the reason businesses exist. If they don't make a profit, they will not survive.
If competitive industry Z is making substantial economic profit output will?
if competative industry z is making substantial economic profit, output will:
What is disinvestment of profit making?
When firms are making no or little profit, there is incentive to innovate/invest because they wish to increase profits in the future. When profit is already achieved, there is less incentive (disincentive) to do so.
Microeconomic factors affecting profit making firms?
i dont know what does profit affect microeconomics
What is right or wrong moral or immoral in the business world?
When the business world focuses on greed and making the highest profit it can become immoral. By treating employers and customers right, the business world can be more moral.
What is the difference between profit making accounting and not for profit making accounting?
The difference between profit making accounting and not for profit making accounting is, that question should answer itself! 8^0
What is Profit-making companies?
A profit making organisation is an organisation which its priority is to make a profit rather than to help the community.
What is profit oriented organization?
Non profit making organization is the type that does not deal with profit oriented
Can you differentiate between profit and non-profit making business?
any business u making money more than your expenses thas is profit otherwise loss
What is the meaning of close the Profit and Loss Summary account?
profit is when the company is making money and a loss is the company is not making money.
What is non profit oriented organization?
Non profit making organization is the type that does not deal with profit oriented
What is the formula for calculating loss?
You calculate loss the same as you would do profit income minus expenses (outgoings) = profit/loss If the answer is negative then you are making a loss, if the answer is positive then you are making a profit.
Is profit making the primary goal of any business enterprise and why?
Yes, profit making is the primary goal of business. It is the reason businesses exist. If they don't make a profit, they will not survive.
Are partnerships for profit making only?
no
What is profit oriental?
Profit oriented is concerned with or focused on commercially financial gain. A company that is not making a profit will soon cease trading!
If competitive industry Z is making substantial economic profit output will?
if competative industry z is making substantial economic profit, output will:
