What is the role of profit in business?

Profitability refers to profit with capital investment. Every business must earn a reasonable profit which is so important for its survival and growth. Every business is an attempt to reap more than what has been invested, and profit is the excess of revenue over cost. The role of profit in business is an important factor for its growth and expansion. It is important as it is a source of income for business persons and the expansion of business


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