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Question
According to Peter Drucker, profit serves ___ main purposes.
According to Peter Drucker, profit serves ___ main purposes.
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Solution
The correct option is B 3
According to Peter Drucker, profit serves three main purposes.
1. A measure of performance: It tells us how the business is doing. More profits mean better performance and fewer profits means not so good performance.
2. Premium to cover costs of staying in business: It is said that profit is the cost of being and staying in business.
3. Ensuring a supply of future capital: As the money, a business earns can be used later on as retained earnings for further operations.
According to Peter Drucker, profit serves three main purposes.
1. A measure of performance: It tells us how the business is doing. More profits mean better performance and fewer profits means not so good performance.
2. Premium to cover costs of staying in business: It is said that profit is the cost of being and staying in business.
3. Ensuring a supply of future capital: As the money, a business earns can be used later on as retained earnings for further operations.
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