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Assertion states that profit is necessary for management. Reason states that profit helps survival and growth of the organisation. Choose the correct option.

Answer and explanation

Correct answer: Both assertion and reason are true and reason is the correct explanation

Profit is necessary for business because it helps the organisation run and grow. The reason correctly explains the assertion.

Related tags

Assertion-ReasonProfitGrowthObjectives Of ManagementNature And Significance Of ManagementBusiness StudiesClass 12 Mcq

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