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After all the employees and the expenses have been paid off the profit is used to improve the company or its also how the owners make money

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Q: Why does a company seek to make a profit every year?
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A firm that does not seek to make money is a what?

Not-for-profit organization


What do you understand by profit oriented and non profit oriented entities?

A profit oriented entity is one whose goal is to make profits from its services or products. A non profit entity is one that does not necessarily seek to make profit but has set out other goals.


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