Website for CAT preparation material.MBA, Engnieering & Medical entrance exams.GD topics.
Profit is only business of business.
Definitely I feel Businessmen are getting richer now and they are not contributing for social causes.
Industries are only spreading all kinds of pollution in society.
Social work done by corporates is miniature as compared to assets they are taking from society.
The fundamental principle of business is capitalization. Capitalization is based only on profit.
Definition of business: Businesses are predominant in capitalist economies, most being privately owned and formed to earn profit to increase the wealth of owners. So basically it is for earning profit for owners.
In current time, businesses are running in a corporate structure so money is going to many people. It includes staff and shareholders.
Each and every well build organization is giving their profit to charity.
The Core capitalization is now no more there because organizations now managed by groups of people.
Business providing jobs and taxes to society for whatever cost society gives to business.
In economics, a business (also called firm or enterprise) is a legally recognized organizational entity designed to provide goods and/or services to consumers or corporate entities such as governments, charities or other businesses.
Human life is improving day by day due to business because the kind of innovations happening is not possible without business. The kind of R&D facilities, businesses putting for new innovations are making life better and safer.
Business is definitely a profit making enterprise but the benefits society getting out of it is also considerable.
Due to business human life is improving day by day.
Contributed by: Studyfreak
Points added by members
Added by: milgo kiptoo korir
Point: this is true,but for any enterprise to sustain itself ,it must conform to the social needs stipulated by the society and act in a manner that is ethical.
Date: 2015-01-29 23:48:45
Added by: Bindi Ramanuj
Point: No doubt business org. does donation or shares their profit but its done again for the same reason and its there PROFIT.
Date: 2015-01-09 15:00:17
Added by: sahey
Point: yeah... the profit is definitely the only business of business.... the entrepreneurs can make charity and all other social help only if they get profit... so their basic and only motive to get from business is to get profit....
Date: 2014-06-18 10:52:11
Added by: Raman kaushik
Point: Charity on the name of business in most of the cases is just a way to get taxation benifits. Therefore actual motive is just making as much money as possible.
Date: 2014-03-21 03:14:37
Added by: Rahul Mahajana
Point: human life is improving day by day due to business because business providing whole family job but services is not provide .
Date: 2013-12-19 22:21:24
Added by: Kannan
Point: Ambani group apart from their business they are donating 15% of profit for educating poor children if they Attain some reasonable progress in business...this brings out some reputation to the organization so business of business is not only the business.
Date: 2013-10-06 00:13:47
Added by: Shantanu Baj
Point: Practically this is true. But the decisions regarding the profit making and utilizing on next steps should be transparent, ethical and beneficial for society.
Date: 2013-01-05 08:27:17
Added by: swati ahirkar
Point: business is also called as enterprise and in this he is a dicision maker and risk taker. business aim is not only p/t making but also give service to the customer. his knowledge about the commercial field and accounting .
Date: 2012-12-30 04:45:16
Added by: om prakash sethi
Point: definately it is true that profit is the only business of business but society also get benifit in the form of salaries
Date: 2012-09-15 11:22:21
Added by: Kavinkumar.A
Point: A role of good business is "working for human betterment and social justice".
Date: 2012-07-31 00:44:07
Added by: tushar
Point: well , its true profit is the sole motive of business..because what all matters in the end , money is coming in..practically which can make your life happy..
Date: 2012-01-25 05:16:35
Added by: Mohd Wasiq
Point: There are some other organisation wose main motives os not making profit, like N.G.O or phange, etc
Date: 2011-10-27 22:10:54
Added by: Saurabh kumar
Point: For short type of business it is business like retailer, and commission agent, and whole seller but for long type like big industries ,enterprises and tycoons it is not a business because they provide employement ,various type of services etc. To every society
Date: 2011-10-15 19:28:22
Added by: Saurabh Kumar
Point: Profit is only business of business for short type of business like retailer, commission agent and wholseller and in againest i want to say that for a big idustries and enterprises profit is not business because of social responsibility means to provide employment,hospitals, road buildings to society etc.
Date: 2011-10-15 19:05:49
Added by: hrithik smith
Point: in my point of the business is not only a business ther are many part of the business like customer services which gives in terms quality and costomer satisfaction.
Date: 2011-09-13 15:08:48
Added by: Neha khanna
Point: business is all about risk and if there is risk there is return also and all businessman work for profit only so ultimately profit is the only business for business.....
Date: 2011-09-08 12:13:21
Added by: richa shivhare
Point: its true that business could be run successfully when we are earning profit but its also true that business providing a lots of employment rather than taking advantages from society. the thing done to man is also for society.
Date: 2011-06-21 15:22:51
Added by: abhay sharma
Point: there are some other organisation whose main motive is not making profit like NGOs,orphanage etc.
Date: 2011-05-21 17:03:31
Added by: deepti
Point: any work done wit an intention to earn profit is called business. ultimately profit is d only driving force which motivates a person 2 do business.if ders no intention of earning profit den it wont b cald as business.so ders nathng wrong in sayin profit is d only business of business.
Date: 2011-05-19 16:09:57
Added by: Roopashree hegde
Point: 1.Besides the profit and social causes company should concertrate also on reputation of the country and quality of service, because quality of service itself is a charity.
Date: 2011-05-09 13:57:21
Added by: sanjeet kumar
Point: A Man start a business to improve own life & for own family, not for the other.
He will improve own life style by earn profit. So the profit is the only business of business.
Date: 2010-12-10 08:02:58
Added by: anshul
Point: yes definately profit is the sole motive of business .. coz its profit that runs the expenses of business man and his fsmily
coz money the only thing tat save him him adversitiy
and there r another gud way of charity rather than businss
Date: 2010-11-18 23:08:47
Added by: sagar kapadnis
Point: we can give eg. of CSR by infosys, kumar builders, abil, syngenta foundation , and many more ........which are doing so much for society and their employee. They also providing good careers for young guns in india ....which helps in keeping indian tilent in india for its devolopement....
Date: 2010-08-11 23:01:23
Added by: Gomathi.L
Point: Business is the one will be more beneficial to owners rather than workers.
Date: 2010-08-05 21:15:50
Added by: yogesh goyal
Point: every business is runnig only n only for profit at any cost, so it create a huge variation at economic level
Date: 2010-07-23 11:26:59
Added by: vijith
Point: business is always profit motive. however this businessman is also a part of society. when businessman becomes rich the society is also becomes rich and human life style and standard of life is getting better
Date: 2010-06-21 16:19:23
Added by: yadavalli chandradeep
Point: artha and karma should go hand in hand for a better business.