Qualification > Commerce

BUsiness Studies

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joel:
Why is Profit Important to a Business?

angell:
Its a return to the owners or risk takers of the business. It can be used for reinvestment, it can be used to pay dividends to share holders, it helps aid any expansion plans of the business.It is a motivation to work harder and more efficiently.

joel:
Ok Thanks

angell:
:) my pleasure:P!

Enia:
oh I also have a question:
what documents would the bank manager ask to see before issuing a loan to a business and why would he want to see these? 

Thank you

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