BUSINESS ADMINISTRATION
BUSINESS ECONOMICS
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Economics
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Profit
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Capitalism
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Service
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Detailed explanation-1: -Net profit looks at how much money your business has left after all expenses have been deducted.
Detailed explanation-2: -Profit is the value remaining after a company’s expenses have been paid. It can be found on an income statement.
Detailed explanation-3: -Overhead costs, also called “overhead expenses” or “operating expenses", are expenses associated with running a business that can’t be linked to creating or producing a product or service. They are the expenses the business incurs to stay in business, regardless of its success level.
Detailed explanation-4: -Gross profit is the income that is left after production costs have been subtracted from revenue, and helps investors determine how much profit a company earns from the production and sale of its products.