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What is considered as the starting point of every business endeavor?
  • a)
    Social responsibility
  • b)
    Profit
  • c)
    Innovation
  • d)
    Customer satisfaction
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
What is considered as the starting point of every business endeavor?a)...
Profit is considered the starting point of every business as it is the excess of revenue over cost. While not the sole objective of a business, profit plays a crucial role in sustaining and expanding a business. It serves as a source of income, a means of finance for growth, an indicator of efficiency, a reflection of societal utility, and a builder of reputation.
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