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Since no business is for charity, profit is a prerequisite for any business. Excepting for NGO and philanthropic organisations, the whole business world is being motivated by the ultimate goal of maximizing profit margin. This propels them to further expansion of business, acquiring or switching over to new business or so on.
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Is profit making the primary goal of any business enterprise and why?
Yes, profit making is the primary goal of business. It is the reason businesses exist. If they don't make a profit, they will not survive.
Is any activity that provides goods and services in an effort to earn a profit?
business
With which concept the business profit or economic concept provides the more appropriate basis for evaluating business operations?
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.
Which type of business does the owner not have to share any profits?
privately owned business owners share no profits. they pay taxes and that is not sharing profit.
Why are costs profit and revenue important?
Revenue is important because it is the money that comes into the business and the business will be able to use it on any possible equipment or resources that are needed. Profit is important because it is the money the business has after deducting all the costs. The business will be able to spend this money on any equipment or resources that are needed. Costs is important because it helps the business see how much money this business will have after payng for all the costs.
Can i major in finance and then go back and get my master's in business administration?
Yes you can. You will have to inquire about any prerequisite required (if any).
Can you differentiate between profit and non-profit making business?
any business u making money more than your expenses thas is profit otherwise loss
What is the difference between contribution and profit?
profit is the output after any business transaction while contrbution is the input before the business transaction
What is a business profit?
A non-profit business or sometimes called a non-profit organization, is a organization that does any kind of volunteer work without getting paid for the work that was done.
Is profit making the primary goal of any business enterprise and why?
Yes, profit making is the primary goal of business. It is the reason businesses exist. If they don't make a profit, they will not survive.
What is a non profit business?
A non-profit business or sometimes called a non-profit organization, is a organization that does any kind of volunteer work without getting paid for the work that was done.
What is a non-profit business?
A non-profit business or sometimes called a non-profit organization, is a organization that does any kind of volunteer work without getting paid for the work that was done.
What is the connection between profit costs and expenses?
Profit, costs, and expenses are important within any business' profit and loss statements. The connection is that anything that is more than the costs and expenses of a product or service offered by a business is profit.
What is the difference between an organisation and enterprise?
An organization is basically any collection of people, whether for profit or non profit. An enterprise is usually a business, for profit organization.
Is any activity that provides goods and services in an effort to earn a profit?
business
In what way is a bank like any other business?
Operates to earn a profit.
What do you call a business whose goal is to provide a service rather than to make a profit?
Any business that has a goal of not making a profit is a Non-profit business. The service it provides can be debt counseling for example for indigent people. Or, for another example, a non-profit service business can be one that helps people with their tax returns.
