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21 January, 17:29

Profits are important so businesses can retain employees attract investors and contribute to the

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  1. 21 January, 17:52
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    Profits contribute to the firm's stability and growth.

    Explanation:

    Profit is the main motive of a firm or business entity. It is based on the numerical value of profit a firm's stability is determined. The future growth, reputation, shareholder value, market value of a firm depends on the profit.

    Only when the profits are high the firm pays a higher salary to its employers and higher dividend to its shareholders. Employees not only get a monetary return on contributing to higher profits but are also motivated to stay back in the same firm.
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