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Why is profit important?

Updated: 9/14/2023
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15y ago

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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."

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15y ago
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The concept of competitive advantage is as important for non-profit organizations as it is for profit organization?

The concept of competitive advantage is as important for non-profit organizations as it is for profit organization?


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 !


The concept of competitive advantage is as important for non-profit organizations as it is for?

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Are people more important than profit?

Yes, without the people there is no profit.


Why are costs important?

They reduce profit.


Why profit is not important to a business?

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Why is profit important to a business?

because business is all about the large profit at low budget


Is profit more important than cash?

Profit and cash can be the same thing. You can have profit on the books and not have the cash because it can be tied up in various processes. Your actual disposable income is the most important.


The concept of competitive advantage is as important for non-profit organizations as it is for profit organizations Do you agree with this statement of not Explain with examples to justify your an?

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What is the most important interest for a factory?

Profit.


Why are running costs important?

They reduce profit.


Why was slavery important to European countries?

It was a matter of commerce and profit, shipping Cargocreated employment and profit.