Profit. Businesses have what is called a strong ‘commercial focus’. Essentially this means that they strive to make a profit. In simple terms the profit.

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Presentation transcript:

Profit

Businesses have what is called a strong ‘commercial focus’. Essentially this means that they strive to make a profit. In simple terms the profit is the amount of money that remains after all costs are deducted from the revenue (income) of a business. Profit allows the owners of the business to gain a financial reward for their risk, innovation and effort

While the objective of profit is very much a part of business, it is not the only one. Other objectives include; Improving the welfare of their local community Providing rewarding work opportunities to employees Protecting and maintaining the environment

Internet Activity Use the internet to research non for profit organisation in the UAE Questions 1.What is the main reason this business is operating? 2.Is any part of the business undertaken with a view to earning a profit? 3.If so what happens to the profit?