SETTLING NORTH AMERICA 1497 1732
RISE OF THE SLAVE TRADE BLACK HISTORY IN COLONIAL AMERICA
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Atlantic Slave Trade
|
|
|
merchant
|
|
|
profit
|
|
|
manufacture
|
Detailed explanation-1: -Profitability is a measure of an organization’s profit relative to its expenses. Organizations that are more efficient will realize more profit as a percentage of its expenses than a less-efficient organization, which must spend more to generate the same profit.
Detailed explanation-2: -There are three main measures of profit. These are gross profit, operating profit and net profit.
Detailed explanation-3: -Net income is also referred to as net profit since it represents the net amount of profit remaining after all expenses and costs are subtracted from revenue.
Detailed explanation-4: -Revenue describes income generated through business operations, while profit describes net income after deducting expenses from earnings. Revenue can take various forms, such as sales, income from fees, and income generated by property.