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Explain the difference between profit and profitability and why this difference is important in business?
Profit is what you made after the costs of material for a product or labor for a service. Could be you sold a product or service. Profitability is what you could make. Is that there is a need that needs to be filled or replaced and you can make money doing it.
The difference is very important when your planning out location of business, target market, labor any expenses that go into the product or service Or even what your company wants to provide.
A business that is not making profit will eventually run out of money and go out of business.
What else can I help you with?
How would you explain Primary Activities?
Primary Activities are the activities that has the most direct impact. They are the most important factor in production and in business.
Explain the difference between an investor and a creditor of a business?
A person who invests money in order to make a profit is an investor. A creditor is lender of the funds, to whom someone owes a loan.
What is the role of needs in business cycle?
explain the role of needs in the business cycle
List and explain reasons why business exist?
business exist to produce a service
Describe what media companies provide and what advertisers are buying and explain why there's a difference?
what media companies provide and what advertisers are buying, and explain why there's a difference.
Explain the logic as to how Foreman's 3day course could positively influence Albertsons profitability?
Explain the logic as to how Foreman's 3day course could positively influence Albertsons profitability
Explain the contributions of purchasing function to profitability and efficiency of an enterprise?
explain the functions of the purchasing department
Explain the difference between primary and secondary market research data give an example of each and explain how each helps define a business customer?
difference between primary and secondary market
The difference between book values and market values on the balance sheet and explain which is more important to the financial managers and why?
Discuss the difference between book values and market values on the balance sheet and explain which is more important to the financial manager and why?
How do you explain Personal and business taxation?
explain personal and business taxation
What are some basic things you should do when trying to resolve a difference with a business?
Speak to the management. Explain your plight and see if the business offers a fair resolution. If the business doesn't, word of mouth is very powerful!
What are flip charts and why are they important to business owners?
Flip charts are very important for business as they help a business owner keep track of things . Here are some sites that can explain this better to you . lipchartfairytales.wordpress.com/.../the-notts-county-scam-why-curi
Could you please Explain the importance of Business Communication to you and to business?
Business communication is important so that you can deliver the right products and services to customers. When there is interference in communication, the business could potentially lose money.
What is the defination of net profit?
1-in addition the net profit, calculated by taking revenues and adjusting for the cost of doing business, depreciation, interest, taxes and other expenses.2-Net profit, also referred to as the bottom line, net income, or net earnings is a measure of the profitability of a venture after accounting for all costs.We explain the definition of Net Profit, provide a clear example of the formula, and explain why it's an important concept in business, finance & investing
Explain briefly business advisory and consulting?
Business advisory and consulting involve providing expert guidance and strategic solutions to businesses to enhance performance, efficiency, and profitability. Professionals analyze challenges, devise actionable plans, and offer insights tailored to the specific needs of clients, fostering growth and success.
Explain nature and scope of business economics?
Explain the nature & scope of business economics.
Explain under what circumstances is a business manager a business administrator?
Explain under what circumstances a business manager might also be a business administrator
