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Profit is one of the most important business goals. It is the motivation of profit that drives many people towards starting out in business in the first place.
If you have invested a large sum of capital into starting up a business you are going to want to see a return on this at some stage.
If you wish to expand your business in the future reinvesting profits is one way of financing it.
Unless a business can make profits, it is likely to close down due to a lack of funds.
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∙ 13y ago
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Why is profit important for 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 important to a business owner?
Profit is an important reward to business owners since in setting up and running the business the owners are taking a risk with their money. They make nothing if the business does not generate a profit. This also applies to shareholders, since they are also the owners.
Why is profit important to a business?
because business is all about the large profit at low budget
Why retained profit is important to a business?
retained profit is important to a business because it helps in maintaining the business secrets as the business is using the internal source of finance, is also important because it is a way of saving interest
Why is profit important to businesses?
If there is no profit the business fails because thats the reason for the business in the first place. :-)
Why is profit important for 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 important to a business owner?
Profit is an important reward to business owners since in setting up and running the business the owners are taking a risk with their money. They make nothing if the business does not generate a profit. This also applies to shareholders, since they are also the owners.
Why are aims and objectives important in a business?
to successed and make profit and last long while
Why is profit important to a business?
because business is all about the large profit at low budget
Why profit is not important to a business?
Profit is important to businesses because it is how they continue to remain open. When a business isn't profitable it will cease to exist.
Why retained profit is important to a business?
retained profit is important to a business because it helps in maintaining the business secrets as the business is using the internal source of finance, is also important because it is a way of saving interest
Why is profit important to businesses?
If there is no profit the business fails because thats the reason for the business in the first place. :-)
How does big ben make a profit?
It doesn't make a profit as it is not a business or company.
Why is cost important in business?
because the lower the cost the more profit the business makes profit = revenue - cost
Who is a person who starts a new business hoping to make a profit?
An entrepreneur is someone who starts a business hoping for the business to make profit and grow over time.
Why is profit important?
profit is important because profit represents the surplus working captial with company so to take care of its day to day operations In brief, "no profit, no business."
What is profit oriented business?
Businesses in business to make money
