ENTREPRENEURSHIP

Detailed explanation-1: -The profit motive is the intent to achieve a monetary gain in a project, transaction, or material endeavor. Profit motive can also be construed as the underlying reason why a taxpayer or company participates in business activities of any kind.

Detailed explanation-2: -Profit motive is sometimes also called “profit motivation.” It refers to the economic statement that organizations need incentives to be persuaded to relinquish resources that are invested into operations.

Detailed explanation-3: -Trading organizations main concepts are earning a profit; it is the main motive of business.

Detailed explanation-4: -The profit motive is a key tenet of rational choice theory, or the theory that economic agents tend to pursue what is in their own best interests. In accordance with this doctrine, businesses seek to benefit themselves and/or their shareholders by maximizing profits.

Detailed explanation-5: -Profit is the money you have left after paying for business expenses. There are three main types of profit: gross profit, operating and net profit. Gross profit is biggest. It shows what money was left after paying for the goods and services sold. Operating profit is next.