MUNGARU MALE and JOGI
if competative industry z is making substantial economic profit, output will:
Dabanng
In a small enterprise, the gross profit varies from industry to industry. However, if you have a gross profit margin of around 305 of your total net sales, you should consider yourself to be lucky.
A company may have many goals besides profit maximization: To capture a certain percentage of market share. To produce the highest quality product. To have the highest level of customer satisfaction. To have the highest level of employee satisfaction. To have the lowest percentage of warranty repairs/product failures. To be the industry leader in product innovation. To be the industry leader in technology. To be environmentally friendly (green).
The difference between profit making accounting and not for profit making accounting is, that question should answer itself! 8^0
profit maximization is the (short run) process by which a firm determines the price and output level that returns the greatest profit
A profit making organisation is an organisation which its priority is to make a profit rather than to help the community.
People made a commercial industry to make a profit.
-20% profit margin in transport Industry I found.
5%
5%
Cottage industry is more home-based, when commercial industry is products made for profit.