ENTREPRENEURIAL PLANNING
BUSINESS PLAN DEVELOPMENT
Question
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Profit-and-Loss Statement
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Compare with competitors’ products based on price, performance, attributes
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Market share
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Profit-and-Loss Statement
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Financial document that shows sales revenues, expenses, and net profit or loss.
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Explanation:
Detailed explanation-1: -Profit and Loss (P&L) Statement A P&L statement, often referred to as the income statement, is a financial statement that summarizes the revenues, costs, and expenses incurred during a specific period of time, usually a fiscal year or quarter.
Detailed explanation-2: -A profit and loss statement is a financial report that shows how much your business has spent and earned over a specified time. It also shows whether you’ve made a profit or a loss over that time – hence the name. A profit and loss statement might also be called a P&L or an income statement.
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