0
If there is no profit the business fails because thats the reason for the business in the first place. :-)
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
Does the economic principle apply to non-profit seeking businesses as it does to profit seeking businesses?
yes
Why do you say that profit is a legitimate goal of business organization?
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.
Does accounting profit or economic profit determine how entrepreneurs allocate resources between different businesses ventures?
yes
Do most businesses make a large profit under the free market system?
Yes, most businesses do make a large profit on the free market. The free market is not susceptible to the laws of trade
What does profit incentive mean?
profit incentive, or profit motive. This desire motivates entrepreneurs to establish new businesses and produce new kinds of goods and services.
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.
Does the economic principle apply to non-profit seeking businesses as it does to profit seeking businesses?
yes
What makes up the service industries?
Within the United States, for-profit businesses, not-for-profit organizations, and the government all provide services. Of these, for-profit businesses are the largest providers of services.
Do most non profit businesses offer products or services?
Most non profit based businesses are service oriented as they are not likely to incur losses this way. Product based businesses tend to cost more and that is why non profit models may not work.
Why do you say that profit is a legitimate goal of business organization?
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.
Why do you buy stock?
To invest in the businesses success both to improve the businesses output and to receive a share of the profit. Some brokers buy stock purely to sell for profit.
Are businesses allowed to make profit under capitalism?
Yes they are.
What is profit oriented business?
Businesses in business to make money
What was the main goal of businesses in Cuba?
To profit from the sugar trade
One of the BEST measures of success for businesses and their entrepreneurs is?
profit
Types of businesses operated to earn a profit?
share holders profit undistributed profit or profit of ceo third one is the one m still searchin for..
Can business do anything to make profit?
No, a business can't necessarily do anything it wants in order to make a profit. Businesses are bound by the laws in their state and country, and these laws regulate what businesses can and can't do.
