Possible Points for discussing whether most successful businesses make the biggest profits
- consider the importance of making profits in business
- discuss other factors which may contribute to a business’s success
- make a judgement, based on consideration of the evidence and argument put forward about most successful businesses.
- businesses needing profits to survive; exceed their operational costs, gain market share and wide recognition of their brand
- business owners, employees, shareholders and other stakeholders requiring the business to make a profit
- alternative goals; providing a useful or novel product or service or solving an existing problem
- some business owners simply wish to develop or share a skill, talent or love for their product or service
- the calculation of ‘biggest profits’ depends on the scale of the business and its revenue-to-cost ratio
- profit and ethics not being mutually exclusive; profitable businesses can more easily achieve philanthropy, ethical sourcing or greener practices
- environmental, social, animal welfare or ethical credentials being a unique selling point
- other success factors including market influence, brand recognition, customer service and treatment of employees.