What is the main purpose of business income?

Questions › What is the main purpose of business income?
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Nikhil Rawat asked 2 years ago
   
3 Answers
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Akshaj Singh answered 2 years ago
The main purpose of the income earned by businesses is to help the business survive in a competitive world and expand its activities. It is only through a handsome income that a business can give tough competition to its competitors and establish its brand.  
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Deepak Goyal answered 2 years ago
Business income is necessary for the survival of a business. It serves the following purposes: 
  • Covers business costs.
  • Helps in maintaining the cash flows of the company. 
  • Meet day-to-day expenses. 
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Priya Vishwas answered 2 years ago
Business income is very purposeful and comes from varied activities. It is the means of carrying out the business and its day-to-day operations. It is necessary to earn sufficient income to pay expenses, salaries of staff, outstanding expenses, and other obligations.