Asked by Lucas Castro on May 06, 2024
Verified
Most firms exist to make a profit.
Profit
The earnings obtained when the income generated from business operations is higher than the expenses, costs, and taxes required for these operations.
- Comprehend the primary goal of firms and the concept of profit.
Verified Answer
BK
Bridget KennedyMay 08, 2024
Final Answer :
True
Explanation :
Most firms are established with the primary goal of generating profit by providing goods or services that meet the needs and demands of consumers.
Learning Objectives
- Comprehend the primary goal of firms and the concept of profit.