profit is not the objective of the business but it is the result of the business. comment
Profit may be regarded as an essential objective of a business for variuos reasons:
1.It is a source of income for business persons.
2.It cam be a source of finance for meeting expansion requirements of business.
3.It indicates the efficient working of business.
4.It can be taken as society's approval of the utility of business.
5.It builds up the reputation of a business enterprise.