What is the role of profit in business? | Class 11 Business Studies Chapter Business, Trade and Commerce, Business, Trade and Commerce NCERT Solutions

Question:

What is the role of profit in business?

Answer:

The roles of profit in business are:

Means of livelihood for businessmen.
Sources of funds for business growth.
Index of performance.
Reward for risk taking.
Provides better employee remuneration and amenities.
Better working conditions.

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Welcome to the NCERT Solutions for Class 11 Business Studies - Chapter . This page offers a step-by-step solution to the specific question from Excercise 1 , Question 12: What is the role of profit in business?....

What is the role of profit in business? | Class 11 Business Studies Chapter Business, Trade and Commerce, Business, Trade and Commerce NCERT Solutions

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