Question 10
Business UnitsWhich of the following is the primary purpose of a business concern? To
- A.make maximum profit for itself and the shareholders
- B.provide goods and services to customers at a profit for itself and shareholders
- C.supply essential commodities at a profit
- D.make goods and services available to the poor at a profit
- E.ensure even development of a country
Show the answer and explanation
Answer: B (provide goods and services to customers at a profit for itself and shareholders)
Explanation
A business exists to satisfy customers' wants with goods and services and earn a profit for its owners in doing so.