0
Taking in more income (revenue) than is spent on costs, which include overhead, personnel, and cost of capital.
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
Why is profit requirement of business?
If a business is not making a profit then they are losing money if this continues a business will reach a point in which it will have no money and declare bankruptcy.
How can the business show a profit and yet be overdrawn at the bank?
A business' profit is absolutely unrelated to its bank balance.
Why is cost important in business?
because the lower the cost the more profit the business makes profit = revenue - cost
If the income of a business exceeds its costs the money that remains is called the?
profit
Why profit is not important to a business?
Profit is important to businesses because it is how they continue to remain open. When a business isn't profitable it will cease to exist.
Is an organization that produces and distributes a good or service for profit called a business yes or no?
Yes
Is profit the only business of business?
profit is not a business of business .But the business runs with a small inception of profit
Why is profit important for a business?
profit is important for a business because without profit there is no business. they need to generate profit to keep the business alive. profit well help the move up the business ladder to become a more successful business !
Why profit is needed to business?
why is profit requirment for a business?
What are the irrelevance of profit to a business organization?
There is mention of relevance of profit in regard to a business organization, but no mention of irrelevance of profit in business.
What are 3 motivations of a business?
Profit, profit and profit.
Is apple a profit or non-profit business?
profit.
The importance of profit to a business like HMV?
the importance of profit to a business?
Profit of a business?
The profit of a business equals all income (of all types) less all epenses paid by the business gives you the net profit of the business. Most businesses produce a Profit & Loss Statement which will provide the net profit after income and expenses. http://taxresolutionaires.blogspot.com
Why is profit important to a business?
because business is all about the large profit at low budget
Why Business is doing for earning profit?
there is no man that thinks business without earning a profit.
Is the profit only a business of a business?
yes
