The phrase that correctly defines the motive of business is to provided valuable products and earning profits from it.
Option D is correct.
What is a profit?
A profit is the net return which is received to an entity after incurring all the expenses. It is the difference of maximum revenues and minimum expenses.
- The business is mainly set up for the aim of earning gains in the longer run and creating valuable products for the customers. It requires capital funds, a vision and some people to start a business.
- It can be of any type like sole proprietorship where there is only owner; a partnership where two partners agreed to share the gains or losses of business; a non profit entity which works only for the welfare and needs of people and a company which manufactures or markets its products for attracting customers and creating brand image in the market.
Therefore, the motive of business is correctly described in option D.
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