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.

  1. It is a source of income for business.
  2. It is a souce of finance for meeting expansion requirment .
  3. It indicates the effecient working of business.
  4. It bills up the reputation of business.
  5. It is the life plant of the business without which it canot survive.
  6. Profit is the reward for risk bearing .

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