Practical Management Science
Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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What do profits require?

 

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Profit defines the financial gain realized by exceeding the expenditures, costs, and taxes involved in maintaining the operation in question when revenue obtained from a business activity exceeds. Any profits received flow back to company owners who choose to either pocket or reinvest the money back into the company. Benefit less total expenditure is measured as total sales.

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