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Yes, businesses can exist without profit, particularly in the short term or for specific purposes. Non-profit organizations operate primarily to fulfill a social mission rather than generate profit, relying on donations and grants. Additionally, some for-profit companies may prioritize growth, market share, or customer acquisition over immediate profitability. However, for long-term sustainability, most businesses ultimately need to develop a viable profit model.
What else can I help you with?
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 !
Is profit making the primary goal of any business enterprise and why?
Yes, profit making is the primary goal of business. It is the reason businesses exist. If they don't make a profit, they will not survive.
Is profit the only business of business?
profit is not a business of business .But the business runs with a small inception of profit
Why profit is needed to business?
why is profit requirment for a business?
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.
What is the ultimate goal of a company?
The primary aim is to make a profit. No business would exist without it.
Why Business is doing for earning profit?
there is no man that thinks business without earning a profit.
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 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.
Is profit making the primary goal of any business enterprise and why?
Yes, profit making is the primary goal of business. It is the reason businesses exist. If they don't make a profit, they will not survive.
Should big banks profit from micro financing?
Banks are a business. They exist for the purpose of making a profit. That is what businesses do.
What is the foundation of a business?
Businesses exist to make a profit and to meet the needs of the customers. When a business fails to do this, it may go out of business.
Some have argued that the objective of a business organization is to just make profit?
The statement is true (with the exception of the word just) because without a profit, a business does not exist. If the business is making a profit, then other things can also be an objective of the business, such as jobs for people, a source of revenue for the community from the business and its employees being consumers of local goods and services, tax revenue derived from the business and its employees, and any number of other benefits. But if the company does not make a profit, none of the other objectives are possible.
What is a business profit?
A non-profit business or sometimes called a non-profit organization, is a organization that does any kind of volunteer work without getting paid for the work that was done.
Why is the customer is so important?
It is because the customer is the lifeblood of any organization. Without customers, there is no profit. Without profit, the business will close its doors.
What is a non profit business?
A non-profit business or sometimes called a non-profit organization, is a organization that does any kind of volunteer work without getting paid for the work that was done.
What is a non-profit business?
A non-profit business or sometimes called a non-profit organization, is a organization that does any kind of volunteer work without getting paid for the work that was done.
