BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -If you sell your products for too much or too little, your business will lose money. If you set your prices too high, fewer customers will buy your products. People will view your products as unaffordable and will seek out cheaper options elsewhere. If you set your prices too low, more customers will buy your products.

Detailed explanation-2: -For a business, net loss is sometimes referred to as a net operating loss (NOL). For tax purposes, net losses may be carried forward into future tax years to offset gains or profits in those years. A net loss appears on the company’s bottom line or income statement.

Detailed explanation-3: -A business loss occurs when your business has more expenses than earnings during an accounting period. The loss means that you spent more than the amount of revenue you made. But, a business loss isn’t all bad-you can use the net operating loss to claim tax refunds for past or future tax years.

Detailed explanation-4: -The profit and loss (P&L) statement is a financial statement that summarizes the revenues, costs, and expenses incurred during a specified period. The P&L statement is one of three financial statements that every public company issues quarterly and annually, along with the balance sheet and the cash flow statement.