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Some have argued that the objective of a business organization is to just make profit?
Wiki User
∙ 14y ago
The statement is true (with the exception of the word just) because without a profit, a business does not exist. If the business is making a profit, then other things can also be an objective of the business, such as jobs for people, a source of revenue for the community from the business and its employees being consumers of local goods and services, tax revenue derived from the business and its employees, and any number of other benefits. But if the company does not make a profit, none of the other objectives are possible.
Wiki User
∙ 14y ago
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What is a business organization?
a business organization is a group or a unit of people working together with a commen objective of profit maximization.but profit maximization is not the only objective..they also satisfy human needs and wants by producing goods and services
What are the irrelevance of profit to a business organization?
There is mention of relevance of profit in regard to a business organization, but no mention of irrelevance of profit in business.
Can profit be regarded as the sole objective of business?
nop!
What is a business profit?
A non-profit business or sometimes called a non-profit organization, is a organization that does any kind of volunteer work without getting paid for the work that was done.
What is non business organization?
A non-business organization or non-profit organization is an organization which is not concerned with making money. An example is a charity.
What is non-business organization?
A non-business organization or non-profit organization is an organization which is not concerned with making money. An example is a charity.
What is a non profit business?
A non-profit business or sometimes called a non-profit organization, is a organization that does any kind of volunteer work without getting paid for the work that was done.
What is a non-profit business?
A non-profit business or sometimes called a non-profit organization, is a organization that does any kind of volunteer work without getting paid for the work that was done.
What form of business organization does not focus on financial gain?
a non profit organization
What is a business simple definition?
Business refers to an enterprising entity or organization that carries out professional activities. They can be commercial, industrial, or others. For-profit business entities do business to earn a profit, while non-profit ones do it for a charitable mission.
What is the difference between an organisation and enterprise?
An organization is basically any collection of people, whether for profit or non profit. An enterprise is usually a business, for profit organization.
Profit can be no more the objective of business than eatin is the objective of living what does this statement imply?
profits can no more be the objectives of business than eating is the objectives of living
