BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Usually, earnings are the income a business earns, which may be calculated after subtracting the costs of making, purchasing, or providing the items or services it sells. Profit on the other hand is essentially the money a company keeps after taking care of all of its business-related expenses.

Detailed explanation-2: -The difference (or “net") between the revenues and expenses for Direct Delivery is often referred to as the bottom line and it is labeled as either Net Income or Net Loss.

Detailed explanation-3: -Gross profit represents the difference between the price a company pays for a product and the price it sells it for. Expenses are the overhead a company incurs in running its day-to-day business.

Detailed explanation-4: -Also referred to as “net income” or “net profit, ” income is the total amount of earnings a company makes minus expenses. It is calculated by subtracting the costs of doing business, such as depreciation, interest, taxes, and other expenses from revenue.

Detailed explanation-5: -The dictionary definition of profit is “a financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something.” Profit is the money a business makes after all expenses. There are three types of profit: gross profit, operating profit and net profit.