Advertisements
Advertisements
Question
State with reason whether you agree or disagree with the following statement.
Profit is a reward for bearing risk only.
Short/Brief Note
Advertisements
Solution
No, the above statement is only partially correct. This is because profits act as a reward for the entrepreneur for performing tasks such as production activities, organising, controlling the activities related to production and distribution, as well as bearing the risk of failure of the business.
shaalaa.com
Is there an error in this question or solution?
