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Why do you say that profit is a legitimate goal of business organization?
Wiki User
∙ 15y ago
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.
Wiki User
∙ 15y ago
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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.
Why are profit a prerequisite to any business activityincluding?
Since no business is for charity, profit is a prerequisite for any business. Excepting for NGO and philanthropic organisations, the whole business world is being motivated by the ultimate goal of maximizing profit margin. This propels them to further expansion of business, acquiring or switching over to new business or so on.
An economic system characterized by the investment of money in business ventures with the goal of making a profit?
Capitalism
What is an economic system characterized by the investment of money in business ventures with the goal of makeing a profit?
Capitalism
Describe what the profit motive drives businesses to do?
The profit motive states that the ultimate goal of any business in a free market is to make money for its owner and employees. This drives businesses to increase revenue and decrease costs wherever possible while staying in and expanding business.
Profit maximization is a primary goal of an business organization Do you agree?
Yes, businesses exists to make money. If a business isn't profitable then it will go out of business and the investors will lose money.
What is the fundamental goal of business?
Profit.
Primary goal of the financial manager of a seeking organization is to?
profit seeking organization goal would be to maximize owners' wealth
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.
What is the primary goal of the business?
Profit earning
What are primary goal of business?
To make a profit
What is the goal of an organization?
It depends on what type of an organization it is. If it is a privately owned organization the goal is "To Maximize Profit" If it is a Public limited company (Has its shares listed in the stock market) the goal is "To Maximize shareholder wealth"
What kind of group is the Business Software Alliance?
The Business Software Alliance is a non-profit organization which is active in over 80 countries. Its goal is to support the goals of the software industry and its hardware partners.
Is Profit maximization the primary goal of any business enterprise?
Yes, profit maximization is the primary goal of a business. If a business doesn't maximize profits the Board of Directors can request that the CEO leave.
How might the primary goal of financial management be applied to a non-profit organization?
The primary goal of financial management is to increase the market value of the owners equity . for non profit organization this goal would need modified . one suggestion would be to maximize the value of the service rendered to society given the resources available to the organization
What do you call a business whose goal is to provide a service rather than to make a profit?
Any business that has a goal of not making a profit is a Non-profit business. The service it provides can be debt counseling for example for indigent people. Or, for another example, a non-profit service business can be one that helps people with their tax returns.
How do you define an organism?
An organization is a group of people who work together to achieve a common goal. An organization whose goal is directed toward profit or making money is classified as a business. Businesses engage in the manufacture, distribution, and sale of goods and services. Organizations with a goal not directed toward or other than profit or making money are classified as non-profit. Non-profit organizations include schools, hospitals, and religious and scientific organizations.
