A business is in existence primarily to?

Assessment: WAEC SSCE - Commerce - 1990 (Objective) Subject: Commerce

Question 1 Report

A business is in existence primarily to?
Answer Details
A business exists primarily to make a profit. While providing goods and services, providing employment, competing with others in business, and selling goods at reasonable prices are all important aspects of running a successful business, the primary goal of any business is to generate profit for its owners or shareholders. Profit allows a business to invest in its growth, pay dividends to shareholders, and stay in operation over the long term.

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