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By selling the products more dearly than the costs were. You invest money, pay wages, provide good working conditions, buy the row material, heat, use electricity, pay taxe, etc = these are your costs (roughly). You try to produce more goods in less time, also try to buy the material as cheaply as possible, (nevertheless, you have to pay attention to the quality of the product, othervise you will lose a lot in the market) so that you can keep the costs low. If you are successful, that is the difference between your income and the costs is positive and big, it means you gained a decent profit.
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In what way is a bank like any other business?
Operates to earn a profit.
What makes people start a business?
The desire to earn profit, grow their money and investments are the causes of people to start a business.
What are some characteristics of a business?
The characteristics of a business include wanting to earn a profit and exchanging goods and services. A business also involves risks and is an entrepreneurship .
What is business and its features?
Business is any legal activity that under taken to earn profit is called business.feature is like a characteristic to explain the meaning and its concept in the meaning of business.
Why do people engage in business?
People engage in business to make money and get returns on investment. This is the sole objective of any type of business.
What are the objectives of business?
one of the objectives of a business is to earn profit to improved their wealth.
Can a non profit business earn money or income?
no
Can a non-profit business earn money or income?
no
What is the business where investors pool their money to earn a profit?
banking
What are the major aspect of the external environment in business firms?
in business firm business man can earn more information about the goods n earn profit
Why people engaged in business?
to earn a profit & to provide jobs for others.
Is any activity that provides goods and services in an effort to earn a profit?
business
Why do countries do international business?
Because they want earn more profit from therebusiness .
In what way is a bank like any other business?
Operates to earn a profit.
Can I earn a profit by having a wedding consultant business?
With the right buisnesses model it is very possible to start a wedding consultant business and earn a normal salary.
Explain how a business can earn a positive gross profit on its sales and still have a net loss?
A business can earn a positive gross profit on its sales and still have a net loss. The gross profit is simply the sales minus cost of goods sold. If the gross profit is less than expenditure, it will result into a net loss.
Any activity which seeks to earn a profit by providing a good or service is known as a?
business
