11 Explain why profit is likely to be more important than a firm’s other objectives. (10 marks)
Question
Solution 1
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Primary Objective: The primary objective of any business is to generate profit. Without profit, a firm cannot survive in the long run. Profit is the main source of finance for business expansion and growth.
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Reinvestment: Profit is important because it can be reinvested back into the business Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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