According to the established literature, what is the first principle of business:

Question

Quizplus · Accepted Answer

The first principle of business is to ensure that the business operates within the resources allocated to them and to be in a position whereby the business is well set to continue trading. This involves managing finances effectively, controlling costs, and maintaining a sustainable model for growth. Making a profit, managing human resources effectively and expanding reach internationally are important goals, but they are secondary to the principle of operating within allocated resources to ensure long-term viability of the business.

According to the Established Literature, What Is the First Principle