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Why profit is needed to business?

Updated: 9/15/2023
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14y ago

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why is profit requirment for a business?

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Q: Why profit is needed to business?
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What is the difference between revenues and the expenses needed to operate the business?

profit or loss


Is profit the only business of business?

profit is not a business of business .But the business runs with a small inception of profit


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Usually it is used to forcast what is needed to run the business, what the growth will be for the next quarter, and how to gadge profit and loss.


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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 !


What is pre opening and working capital?

Pre-opening capital is money needed to start a business. Working capital is the money needed to keep a business running. Working capital, hopefully, is gained through the operation of the business as profit.


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Why are costs profit and revenue important?

Revenue is important because it is the money that comes into the business and the business will be able to use it on any possible equipment or resources that are needed. Profit is important because it is the money the business has after deducting all the costs. The business will be able to spend this money on any equipment or resources that are needed. Costs is important because it helps the business see how much money this business will have after payng for all the costs.


In business what is the relationship between risk and profit?

The relationship between the two is that risk is needed to make a profit. A profit is money left over after expenses have been paid. To have expenses you need to take risks.


What are the irrelevance of profit to a business organization?

There is mention of relevance of profit in regard to a business organization, but no mention of irrelevance of profit in business.


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Is apple a profit or non-profit business?

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the importance of profit to a business?