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

True or false? Every business exists primarily to create profits. Question/Answer & Solution

  • 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.
  • Correct Answer : False — Although most businesses have to generate profits in order to sustain themselves, every business exists to fulfill a specific purpose.

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