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With which concept the business profit or economic concept provides the more appropriate basis for evaluating business operations?
Wiki User
∙ 11y ago
Businesses i know are there to maximize profit and minimize cost.On this basis,i think the business profit concept is the most appropriate basis for evaluating business operations because banks,lenders or creditors will the creditworthiness of such business if loan or any other facility has been advanced to such business to see whether they can offset such debt if given to them.
Wiki User
∙ 11y ago
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