0
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.
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
What does profit margin mean?
Profit margin means the amount of profit you make measured in a percentage. This can include:Gross Profit marginNet Profit marginMarkup Profit margin
If the income of a business exceeds its costs the money that remains is called the?
profit
Is the electric company profit or nonprofit?
Some are for profit and others are government agencies (not for profit).
What is the Difference between gross profit and fluctuating profit?
The difference is, that gross profit includes deduction from manufacturing cost. Sales value - Rawmaterial - Freight = Fluctuating Profit - Manufacturing Cost - Procurement = Gross Profit - Operating Expenses = Operating Profit
What is meant by the term profit?
the term profit means the profit is made from a proportion of sales revenue.
Is Mcdonalds a non-profit or profit?
Starbucks is a for profit company.
What does profit margin mean?
Profit margin means the amount of profit you make measured in a percentage. This can include:Gross Profit marginNet Profit marginMarkup Profit margin
Is macdonalds a for-profit or Non-Profit or Not-for-profit organization?
McDonald's is a for profit company. It is not a nonprofit or a not for profit, which are synonyms.
What are 3 motivations of a business?
Profit, profit and profit.
Is Walmart a profit or non profit company?
profit
Is apple a profit or non-profit business?
profit.
How do you calculate profit margins?
Gross Profit Margin = Gross Profit/Revenues Net Profit Margin = Net Profit/Revenues
What are the two types of profit?
Gross profit and Nett profit
Which is better gross profit or net profit?
net profit
What is the opposite of a profit?
The opposite of a profit is a loss (negative profit).
Is American Eagle Outfitters profit or non-profit?
profit
Is JP Morgan Chase profit or not profit company?
For Profit, non profit companies tend to do good.
