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Profit is not an objective but a require...

Profit is not an objective but a requirement of business. Do you agree with this statement support answer with reasons.

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Yes, I agree with this statement that profit is not an objective but a requirement of business. A business must earn profut because of the following reasons:
(i) Survival (ii) Growth
(iii) Symbol of efficiency (iv) Reward for risk bearing
(v) Improves goodwill.
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