0
Making a profit has a few disadvantages. Namely, people who make a lot of money tend to forget their humble beginnings. They may stop contributing to their communities and become miserly.
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
What are the advantages and disadvantages of a free economy?
Advantages: Competition > profit > innovation. Disadvantages: higher costs for consumers there are losers risk for an entrepreneur
What are some disadvantages of plbanned economy?
The disadvantage of a planned economy is that there is lack of profit which usually leads to the inefficiency of the firms.
What are the advantages and disadvantages of backwards vertical integration?
An advantage of backwards vertical integration would be that the profit of the supplier is absorbed by the expanded business.
What are disadvantages of cottage industries?
Disadvantages of cottage industry Low output Lack of standardization, no common spare parts High cost of product
What are the advantages and disadvantages of price fixing?
disadvantages you can go prison its bad and you shouldn't do it cheating innocent people out their money if caught u get fined ALOT advantages you get losts of money extra revenue means more profit
What are the disadvantages to retained profit?
No share holder dividends - if a plc Taxed on the profit - no matter what you do with it
What are the advantages and disadvantages of the profit and loss method?
Not sure what you're asking - a "Profit and Loss" is a slang name / jargon for an Income Statement.
What are the advantages and disadvantages of a free economy?
Advantages: Competition > profit > innovation. Disadvantages: higher costs for consumers there are losers risk for an entrepreneur
What are disadvantages of partnership?
The disadvantages of a partnership is that you have to run every decision by the other person. You also have to split any profit 50/50.
What are disadvantages of privately owned media?
dependence on advertising revenues to function and make a profit
What are some of the disadvantages of traditional farming?
you might not get all the profit when people buy it at the shop
What are the advantages and disadvantages of a charity?
The advantages are that you can get donations to fund your charity The disadvantages of a charity are that the details are exposed to the general public. The charity does not work to make a profit.
What are the advantages and disadvantages of reinvested profit?
the advantages of reinvesting profits are :- -no interest rates the disadvantages of reinvesting profits are:- -only the amount of money in the business can be reinvested -dont get income from investment
What are the advantages and disadvantages of a business accepting cash?
Advantage- gets cash. Disadvantage- you cannot say that you are a not-for-profit orginazation.
What are the advantages and disadvantages of owning stock?
You can gain alot of money and make a profit but you can also loose alot of money.
What are some disadvantages of plbanned economy?
The disadvantage of a planned economy is that there is lack of profit which usually leads to the inefficiency of the firms.
Advantages and disadvantages of trading profit and loss account?
: Profit and loss account gives the actual information about net profit or net loss of the business for an accounting period, Profit and loss account gives the actual information about indirect expenses, Profit and loss account serves to show the ratio between net profit to sales, Profit and loss account helps in showing the ratio between net profit to operating expenses, Profit and loss account helps in controlling indirect expenses
