11th Class Business Studies Nature And Purpose Of Business

  • question_answer 14)
    What is the role of profit in business?


    Every business operates with an aim to earn more than what has been invested and profit is the excess of revenue over cost. Profit plays an important role in business (i) It is a source of income for business persons. (ii) It can be a source of finance for meeting expansion requirements of business. (iii) It indicates the efficient working of business. (iv) It can be taken as society's approval of the utility of business. (v) It builds up the reputation of a business enterprise.

You need to login to perform this action.
You will be redirected in 3 sec spinner