Profit is what you made after the costs of material for a product or labor for a service. Could be you sold a product or service. Profitability is what you could make. Is that there is a need that needs to be filled or replaced and you can make money doing it.
The difference is very important when your planning out location of business, target market, labor any expenses that go into the product or service Or even what your company wants to provide.
A business that is not making profit will eventually run out of money and go out of business.
Primary Activities are the activities that has the most direct impact. They are the most important factor in production and in business.
A person who invests money in order to make a profit is an investor. A creditor is lender of the funds, to whom someone owes a loan.
business exist to produce a service
explain the role of needs in the business cycle
what media companies provide and what advertisers are buying, and explain why there's a difference.
Explain the logic as to how Foreman's 3day course could positively influence Albertsons profitability
explain the functions of the purchasing department
explain how the general environment and industry environment are highly related. How can such interrelationships affect the profitability of a firm or industry?
difference between primary and secondary market
explain how waste in your factory impacts on your budget and profitability
Discuss the difference between book values and market values on the balance sheet and explain which is more important to the financial manager and why?
Flip charts are very important for business as they help a business owner keep track of things . Here are some sites that can explain this better to you . lipchartfairytales.wordpress.com/.../the-notts-county-scam-why-curi
explain personal and business taxation
1-in addition the net profit, calculated by taking revenues and adjusting for the cost of doing business, depreciation, interest, taxes and other expenses.2-Net profit, also referred to as the bottom line, net income, or net earnings is a measure of the profitability of a venture after accounting for all costs.We explain the definition of Net Profit, provide a clear example of the formula, and explain why it's an important concept in business, finance & investing
Business communication is important so that you can deliver the right products and services to customers. When there is interference in communication, the business could potentially lose money.
Speak to the management. Explain your plight and see if the business offers a fair resolution. If the business doesn't, word of mouth is very powerful!
Explain the nature & scope of business economics.