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Yes. Usually when people say revenue, they mean gross earnings, and since a profit is generally considered a positive number (gross earnings - costs). As long as gross earnings are great than costs, a profit is still made.
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What is the importance of revenue to a business?
revenue is what pays the expenses of running the business and hopefully you can even make enough revenue above expenses to make a profit
Cost of revenue?
The cost of revenue is the money spent to make profit for a business. All business have to spend money to make money.
How business make a profit?
by selling goods at higher revenue than the cost it was paid for.
What is 'Revenue and Profitability'?
Revenue is the income into the company from Sales or the provision of services. Profitability is an assessment of the companies performance where Revenue & Expenditure are compared and the difference is a profit or loss which thereby indicates the profitability of the business. In simple terms its' ability to make a profit or not.
Some have argued that the objective of a business organization is to just make profit?
The statement is true (with the exception of the word just) because without a profit, a business does not exist. If the business is making a profit, then other things can also be an objective of the business, such as jobs for people, a source of revenue for the community from the business and its employees being consumers of local goods and services, tax revenue derived from the business and its employees, and any number of other benefits. But if the company does not make a profit, none of the other objectives are possible.
Explain why producers have to have the profit motive?
Every producer must make a profit in order to remain in business. Without profits, businesses disappear.
What is profit maximizatoin?
Profit is the net total amount that comes from all revenue a firm takes in minus all costs it pays out. The goal in any business (other than non-profits) is to maximize this profit. In profit maximization, you want to take all your factors (each cost and each revenue) and figure out a way to make the profit made is greatest.
How much revenue does a startup general residential contracting business make in the first year assuming that the business starts with no customers?
A start up contracting business can still make over six figures. This is a high ticket business with potential for a lot of profit.
Describe what the profit motive drives businesses to do?
The profit motive states that the ultimate goal of any business in a free market is to make money for its owner and employees. This drives businesses to increase revenue and decrease costs wherever possible while staying in and expanding business.
What profit does primark make yearly?
it has a total revenue of 2,730m in 2010
How does big ben make a profit?
It doesn't make a profit as it is not a business or company.
Who is a person who starts a new business hoping to make a profit?
An entrepreneur is someone who starts a business hoping for the business to make profit and grow over time.
