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Why are profit a prerequisite to any business activityincluding?
Since no business is for charity, profit is a prerequisite for any business. Excepting for NGO and philanthropic organisations, the whole business world is being motivated by the ultimate goal of maximizing profit margin. This propels them to further expansion of business, acquiring or switching over to new business or so on.
Describe what the profit motive drives businesses to do?
The profit motive states that the ultimate goal of any business in a free market is to make money for its owner and employees. This drives businesses to increase revenue and decrease costs wherever possible while staying in and expanding business.
What is a fundamental goal of business?
Fundamental Goal of BusinessThe fundamental goal of Business is to create Surplus. This always need not be in terms of Money, but improved customer satisfaction, Goodwill etc. Brahmajyothi
What is the ultimate goal of being an economically literate citizen?
is to be able to make wise choices.
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.
What is the ultimate goal of a thief?
What is the ultimate goal of a thief?
What is the ultimate goal of a company?
The primary aim is to make a profit. No business would exist without it.
What goal of a firm supports the business organization?
The Goals of a firm depends upon the nature of the business its doing. The goal of the firm show the path towards the ultimate destination,a firm without a goal is just like a boat in the ocean,and floating to no where
What is the capitalist's ultimate goal in terms of maximizing profits and expanding their wealth?
The capitalist's ultimate goal is to maximize profits and expand their wealth by increasing revenue, reducing costs, and growing their business through strategic investments and market expansion.
What was ultimate goal of perestroika?
To move the USSR toward a market economy To move control of business away from the central government.
What is the ultimate goal of of the holocaust?
There was no ultimate goal of the Holocaust. The Holocaust is a name that we use to describe a set of events.
What is the ultimate goal of the holocaust?
There was no ultimate goal of the Holocaust. The Holocaust is a name that we use to describe a set of events.
What is the ultimate goal in science?
The ultimate goal of science is to be able to answer any and all questions related to this universe.
What is intermediate goal?
a goal which must be achieved in order to accomplish your ultimate goal
What is an ultimate goal?
What you want to do with your life.
What is the Spanish translation for ultimate goal?
"La ultima meta" or "la maxima meta" are proper Spanish translations for "the ultimate goal".
What is the ultimate goal of philosophy?
The ultimate goal of philosophy is to seek understanding and wisdom about the fundamental nature of reality, existence, knowledge, and values.
