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Profit money was and is used to upgrade equipment, pay wages to nonproductive personal (research and development) and employees benefit's. The Soviet Union tried the no profit path and failed.
What else can I help you with?
Can business do anything to make profit?
No, a business can't necessarily do anything it wants in order to make a profit. Businesses are bound by the laws in their state and country, and these laws regulate what businesses can and can't do.
Should big banks profit from micro financing?
Banks are a business. They exist for the purpose of making a profit. That is what businesses do.
Is profit a good thing?
Well, you have to remember, if there is no profit there is no business. Businesses must make a profit in order to survive. In this sense profit is good. That being said, businesses should show social responsibility, and should be held accountable for what they sell and how they sell it. In this sense, profit made through means that hurt society or the individuals within a society (to include employees as well as customers) should be noted as not good.
Is profit always a good thing?
Well, you have to remember, if there is no profit there is no business. Businesses must make a profit in order to survive. In this sense profit is good. That being said, businesses should show social responsibility, and should be held accountable for what they sell and how they sell it. In this sense, profit made through means that hurt society or the individuals within a society (to include employees as well as customers) should be noted as not good.
Does the economic principle apply to non-profit seeking businesses as it does to profit seeking businesses?
yes
The idea that businesses should be privately owned and have the possibility of profit is a feature of a?
market economy, liberalism
What Type Of Businesses Are Qualified?
You should be a for-profit business and your net worth is under $15 million and your after tax earnings is $5 million or fewer, normally, during the last 2 years.
When using the plural form of businesses then goal after that should goal be plural?
The noun goal may be singular or plural following the plural noun businesses. Examples: All businesses' goal is to make a profit. All businesses' goals should be clearly defined.
What makes up the service industries?
Within the United States, for-profit businesses, not-for-profit organizations, and the government all provide services. Of these, for-profit businesses are the largest providers of services.
Do most non profit businesses offer products or services?
Most non profit based businesses are service oriented as they are not likely to incur losses this way. Product based businesses tend to cost more and that is why non profit models may not work.
Does Black Friday have anything to do with the navy taking away the sailors grog ration?
NO...........THATS THE DAY WHEN MOST RETAILORS OPERATE THEIR BUSINESSES OUT OF THE BLACK AND INTO THE RED...........SHOWING A PROFIT.
Why do you say that profit is a legitimate goal of business organization?
Profit is the main goal of almost all businesses, even many non-profit businesses exist only to support profit businesses (e.g.- Medical Information Bureau). Running a business is an awful lot of work and if it won't support you, it might not be worth it, if its even possible.
