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What are Characteristics of a profit center?
They are meant to make a profit for their companies. They will work to sell products so that they make money.
Why do firms try to sell more products or to sell them at a higher price?
so they can have a bigger profit margin
Why do firms try to sell more products or to sell them at higher price?
so they can have a bigger profit margin
Why do producers sell more products when the price high?
To earn more profit
What products have the highest profit margins?
Products with the highest profit margins include prescription drugs, diamonds, fountain drinks, and designer clothing. Fountain drinks cost businesses a few cents, but cost consumers $1 to $2 on average.
Why do firms try to sell more products or try to sell them at a higher price?
so they can have a bigger profit margin
Is it illegal to purchase products from a store and sell them for profit from your home?
No, it is not illegal to purchase items and then resale them for a profit. This is how businesses make their money.
What do retailers sell?
Retail businesses sell a lot of different products from all categories. Retailers are part of the supply chain, they buy large quantities of products from manufacturers to sell them in smaller quantities to customers for profit.
What do retail businesses sell?
Retail businesses sell a lot of different products from all categories. Retailers are part of the supply chain, they buy large quantities of products from manufacturers to sell them in smaller quantities to customers for profit.
What is the organaized effort of individuals to produce and sell for a profit the products and services that satisfy society's needs?
business
What is unrelaized profit?
Unrealized profit is that portion of profit which is not yet earned. In transfer pricing normally what happens that products after finishing transfers to other departments with profit charged but if those goods not sell to end user until that time that profit cannot be counted as profit which is called unrealized profit.
How can you start a business selling other peoples products cheaply?
To sell other peoples products you would have to register a business name according to your states licensing requirement that would enable you to purchase wholesale products from companies in order to sell and make a profit
