SELECT * FROM question_mgmt as q WHERE id=5375 AND status=1 SELECT id,question_no,question,chapter FROM question_mgmt as q WHERE courseId=2 AND subId=20 AND chapterId=209 and ex_no='1' AND status=1 ORDER BY CAST(question_no AS UNSIGNED) CBSE Free NCERT Solution of 11th business-studies Business, Trade and Commerce what is the role of profit in business

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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