If you accept credit cards or not
Type of area youre in.
If you don't sell as much as it's costing to create the product
Consumers can affect a business based on consumptions of goods. The amount of goods that are bought and sold affect the profit and loss of a business.
Contingency factors are things that aren't in the agenda but need to be planned for as a just in case in business. They affect planning by happening. Any number of things could happen in business and that could cause profit loss.
it makes the legitimate business owner to make no profit and when the profit decline, workers loss their jobs
Drawings are reduction of capital as it is owner withdrawal of cash from business and it do not affect profit.
discussion
profit is not a business of business .But the business runs with a small inception of profit
it will either increase or decrease profit. Prepaid expense should increase profit as the amount has been overstated.
Income as a direct affect on business. the purchasing power of an individual depends upon his/her disposable income (income-taxes). when income is more they will purchase more and vice verse. So when the aggregate income of the people will fall, the demand for the products and services will decrease which will in turn result in low sales as well as profit of a business.
profit is important for a business because without profit there is no business. they need to generate profit to keep the business alive. profit well help the move up the business ladder to become a more successful business !
why is profit requirment for a business?
how factor markets would affect a person to start a business
There is mention of relevance of profit in regard to a business organization, but no mention of irrelevance of profit in business.