Do you agree or disagree with the following statement

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Academic Writing Task 2 Topics
General Writing Task 2 Topics

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Answer 1

Businesses exist primarily to generate profit, as profit serves as a crucial metric of success and sustainability in the marketplace...

Firstly, profitability is essential for businesses' survival and growth. Generating profit allows businesses to cover operating expenses, reinvest in growth initiatives, and withstand economic downturns or unexpected challenges...

Secondly, only profitable businesses play a vital role in job creation and economic development, providing employment opportunities, income, and economic stability to individuals and communities...

Lastly, profitability allows businesses to provide returns to their stakeholders and make a positive social impact through corporate social responsibility initiatives, philanthropy, and sustainable business practices...

In conclusion, profitability is essential for success and sustainability in the marketplace. Without profit, businesses cannot survive and make any positive social impact...

Band: 7