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Home › Bihar Board Class 12 (Commerce) › Business Studies › Social Responsibility of Business and Business Ethics › Seeing profit as an outcome of service supports …

Seeing profit as an outcome of service supports which view?

AJustification for existence
BBurden on the consumers
CLack of social know-how
DViolation of profit goal
Answer & Solution
Correct answer: A. Justification for existence
Business exists to satisfy human needs, so its prosperity depends on continuous service to society, which justifies its existence.
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