objectives - social costs n benefits

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Profit is the surplus of revenue over allocated costs in a given time period.
For many businesses in the private sector it represents a major objective
and is often the reason for the existence of such a business. J.T. is a private
sector business and thus profit would be important because – represents the
return on the investment of its owners/is a source of funds to help finance
long term growth and is ultimately needed to ensure the long term survival of
the business.


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Iqbal Pirbacosse
Results Oriented Business Studies Teacher - Cambridge Int'l Exams- CIE
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