Although earning profit cannot be the only objective of business, its importance cannot be ignored.
What are multiple objective of a business? Explain any other three objectives. Also state why a profits important.

Explanation

It cannot be ignored because:


1.It brings creditworthiness.

2.It is important for survival of business.

3.It is a reward for bearing risk.

4.Profit helps in the growth of business.

5.It tell us about the expansion of business in future.