Accounting profit is simply the bottom line of a business income statement and is an absolute number, whereas an entrepreneurial profit uses the economic concept of opportunity cost. It is the profit that the entrepreneur would have earned if he or she had invested both time and money in some other enterprise.
Prudence concept tends to understate the profit . depreciation is a tool through which we record our losses , which means that our profit is declining .This means that depreciation is a supportive tool for reducing profit. Matching concept tends to record the expense to the revenue generated from the assets . Hence depreciation fulfils the requirements of both the concepts .
Gross Profit Margin = Gross Profit/Revenues Net Profit Margin = Net Profit/Revenues
net profit
General motors is for profit company.
limitatios for profit sensitivity analysis
The concept of competitive advantage is as important for non-profit organizations as it is for profit organization?
Explain how the marketing concept can be applied in non profit organization?
Why the notion of profit is usually included in this definition
"The concept of competitive advantage is as important for non-profit organizations as it is for profit organizations". Do you agree with this statement or not? Explain with examples to justify your answer. "The concept of competitive advantage is as important for non-profit organizations as it is for profit organizations". Do you agree with this statement or not? Explain with examples to justify your answer.
The important core concept is to "fulfill the needs" of your market at a profit.
The concept of competitve advantage is as important for non- profit orgnizations as it is for profit orgnizatios Do you agree with this statement or not? Explain with examples to justify your answer.
Why the notion of profit is usually included in this definition
The traditional concept of business is profit motive but the modern concept of business is service oriented.
The concept of audience sensitivity is to be mindful of the different groups of diversities that are present in the crowd. Make sure you as the speaker will not defend any group especially if you are trying to sell your companies products. You will want to reach all groups regardless their origin.
Why the notion of profit is usually included in this definition
Interpersonal sensitivity refers to an individual's ability to accurately perceive and understand the emotions, thoughts, and feelings of others. It involves being attuned to nonverbal cues, empathetic responses, and effective communication skills in social interactions. The concept of interpersonal sensitivity is important for building and maintaining relationships, as well as facilitating effective communication and collaboration with others.