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What is the main purpose of profit management in business?
  • a)
    Reducing production costs
  • b)
    Maximizing sales revenue
  • c)
    Achieving customer satisfaction
  • d)
    Ensuring financial viability and growth
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
What is the main purpose of profit management in business?a)Reducing p...
The main purpose of profit management in business is to ensure the financial viability and growth of the organization. While reducing production costs and maximizing sales revenue are important, the ultimate goal is to generate profits that support the sustainability and expansion of the business. Profit management involves strategies and decisions aimed at achieving a balance between revenue generation and cost control to secure the long-term success of the company.
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What is the main purpose of profit management in business?a)Reducing production costsb)Maximizing sales revenuec)Achieving customer satisfactiond)Ensuring financial viability and growthCorrect answer is option 'D'. Can you explain this answer?
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What is the main purpose of profit management in business?a)Reducing production costsb)Maximizing sales revenuec)Achieving customer satisfactiond)Ensuring financial viability and growthCorrect answer is option 'D'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What is the main purpose of profit management in business?a)Reducing production costsb)Maximizing sales revenuec)Achieving customer satisfactiond)Ensuring financial viability and growthCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the main purpose of profit management in business?a)Reducing production costsb)Maximizing sales revenuec)Achieving customer satisfactiond)Ensuring financial viability and growthCorrect answer is option 'D'. Can you explain this answer?.
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