True or false? Every business exists primarily to create profits.

True — a business might have other goals it wants to achieve, but its leaders must be focused on profits first in order to achieve those other goals.

True - A business only exists to create profits for the people it employs.

False — businesses should not think about profits at all. Instead, they should find a higher purpose to fulfill.

False — although most businesses have to generate profits in order to sustain themselves, every business exists to fulfill a specific purpose.


Choose an option to see if it’s correct. Check the explanation below.

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Explanation: True or false? Every business exists primarily to create profits.


Explanation: The correct answer is: **False — although most businesses have to generate profits in order to sustain themselves, every business exists to fulfill a specific purpose.** While profitability is undoubtedly a crucial aspect of running a successful business, it is not the sole reason for a company's existence. Businesses are often founded with a specific mission or purpose in mind, whether it's to solve a particular problem, meet a need in the market, or make a positive impact on society. Profits serve as a means to support and further this overarching purpose rather than being the ultimate end goal. Prioritizing the fulfillment of the company's purpose can lead to sustainable growth and long-term success, as it resonates with customers, employees, and other stakeholders, fostering loyalty and driving positive outcomes beyond financial gains. Therefore, while profits are important, they are not the sole driving force behind a business's existence.
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