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Q: What do you understand by the term profit?
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What is meant by the term profit?

the term profit means the profit is made from a proportion of sales revenue.


What is the meant by profit?

the term profit means the profit is made from a proportion of sales revenue.


What do you understand by the term nucleotides?

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What is the term used for making money?

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What do you understand by values?

to create and deliver value to targeted customers at a profit


Why is profit maximisation not a reasonable financial objective?

People in business do need to make a profit, or their business will fail, but profit is not everything. Profit made by illegal means can result in going to jail, for example. Profit made by socially destructive means (even if they are legal) harms the society in which you live. Short term profit is not always compatible with long term profit. So, there is a bigger picture.


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What do you understand by profit oriented and non profit oriented entities?

A profit oriented entity is one whose goal is to make profits from its services or products. A non profit entity is one that does not necessarily seek to make profit but has set out other goals.


Do communism deal with the term profit?

Yes--buying and selling involves profit and these occur in communist countries.


What is an availment?

An availment is an obsolete term for a profit or advantage.


What do you understand by customer value?

to create and deliver value to targeted customers at a profit