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Why is earning profit considered as one of the objective of business finance?
Wiki User
∙ 9y ago
Well, every business finance anywhere in the world is guided by profit motivation. Without profit motivation, no business finance can be fruitful and the organisation is bound to be debarred from growth and natural expansion. In competetion scenario,no organisation can even survive without the goal of earning profit. The organisation is answerable to the share holders, as the later would not be foolish to retain shares in a loss making organisation.
Since profit in business covers the cost of production and also create a surplus for undertaking expansion and diversification work and leads to the survival of business. Hence, it is considerd as one of the objective of Business Finance.
Wiki User
∙ 9y ago
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