profit play an important role in business. give four reason to justify the statement.
Profit is regarded as an essential objective of business for various reasons.
- It is a source of income for business.
- It is a souce of finance for meeting expansion requirment .
- It indicates the effecient working of business.
- It bills up the reputation of business.
- It is the life plant of the business without which it canot survive.
- Profit is the reward for risk bearing .