0
Cost of prouction of the product (including the administration of it) plus the percenatge required to be added to make an acceptable profit.
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
Why is profit a required for business?
Profit is a requirement in order to help it to grow and make it financially stable. Profit is often used as a measure of efficiency of the company.
Person who gives to a business or project hoping to gain a profit?
Shareholder, they buy shares in a business in order to gain money from the shares that they invest.
Can business do anything to make profit?
No, a business can't necessarily do anything it wants in order to make a profit. Businesses are bound by the laws in their state and country, and these laws regulate what businesses can and can't do.
What are People who risk their money to set up a business in order to make a profit?
capitalist
How do you xxplain the types of business transactions?
Business transactions include selling products and services. Managers do this to make a profit in order to keep their business operational.
Why do you have shareholders?
we have shareholders in a business to make profit and to grow the business.we also have shareholders in a business in order to invest,it also brings expansion.
What is entreprenurial?
A person who operates, organises and assumes the risk for a business venture in order to make a profit
Why is it important for a business to know about all its costs?
•Lower costs mean higher profit. •They show managers are efficient. •If costs are kept down, more money can be spent (invested) to improve the business. •If you can lower costs, you can lower prices and sales will increase. •The business must know what its costs are in order to cut them. •If costs are high it shows the business is wasting money.
Do you need a license to run a talent agency in Mississippi?
Yes. In order to run any legitimate business that is for profit, you must have a business license.
What are some good sites where one can order music business cards?
Vista Print is a great site where one can order music business cards because of how easy it is to order the business cards. The prices are also cheap.
Where business is conducted by individuals or organizations in order to make a profit?
capitalism. good lucky in studyisland, colten
Why you wanted to be employ?
To be your own boss and independent and make your own decision that you think would be best for your business operation. But of course you do have all of your customers that you will have to please in order to make a profit from your self employed business operation and if you want to continue to make a net profit from the business.
