Business Concern with Profits. How Far Do You Agree with This Statement?

BUSINESS CONCERNS WITH PROFIT. HOW FAR DO YOU AGREE WITH THIS teaching? 1.0INTRODUCTION What is billet enterprise? Referring to Stephenson, defines business as, The regular production or buy and sale of goods undertaken with an objective of earning profit and acquiring wealth with the satisfaction of human emergencys. According to Dicksee, Business refers to a mould of drill conducted with an objective of earning profits for the benefit of those on whose behalf the activity is conducted. Lewis Henry defines business as, Human activity directed towards producing or acquiring wealth through buying and selling of goods. Generally, business is the exchange of goods or services that involve m wizy or moneys worth as a return. The principal(prenominal) objective of a business is the intention of earning profits as a return of a business for a soulfulness who do a business. What is profit? Through the InvestorWords.com, profit is The substantiating gain from an investment or business operation aft(prenominal) subtracting for all expenses which is the opposite of loss. For example, if you are selling goods that cost you $15 and you are selling it for $20, the difference of the cost and goods sold ($5) is the keen profit.

From our point of view, profit is not only a yield of a dollar and cents but above all, profit is too classified as the non money gain by the business activities which is withal the social profit depends on the organization that runs the business. scour though profit is the main concern of a business, another(prenominal) business objectives is the activity of satisfying human needs and wants which is also the social obligation at the same time. 2.0FACTS & ISSUES An example of one country, America is based around pursing ones stimulate self-interests. This is how America became great. Many of the greatest inventions and companies have been developed because of self-interest. No society runs on anything else; Communists, Socialist, Democratic, they all run on different... If you want to get a full essay, order it on our website: Orderessay

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