BUSINESS PURPOSE

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BUSINESS PURPOSE




The primary purpose of a business is to maximize profits for its owners or stakeholders while maintaining corporate social responsibility.
Why Businesses Exist. Businesses exist because they are formed by entrepreneurs and are subsequently developed if they manage to get beyond the survival stage. Most businesses exist in order to earn a return for the business owners, and the potential for profit is a key motive for entrepreneurial activity.
DEFINITION of 'Primary Business Purpose' Primary business purpose is a phrase denoting that the main intent of traveling out of town was to transact business.
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