.........is essential for covering costs and risks of the business.
Options:
Survival
Profit
Employment creation
Growth
Correct Answer:
Profit
Explanation:
The correct answer is option 2- Profit.
Profit is essential for covering costs and risks of the business.
Mere survival is not enough for business. Management has to ensure that the organisation makes a profit. Profit provides a vital incentive for the continued successful operation of the enterprise. Profit is essential for covering costs and risks of the business.
