Profit is a reflection of reduced liabilities and increased assets.
Profit is a surplus remaining after total costs are deducted from total revenue. It is the best known measure of success in any business or enterprise.
Profit is a reflection of reduced liabilities and increased assets. It also forms a major form of investment in future operations.
Earning profit single most driving force of running commercial enterprises. The simple formula in calculating profit is: Profit = Total revenue – total expense.
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From the Book – ‘ Know Everything about Corporate Social Responsibility ‘
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Also Read:
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- What is Business?
- What is a Business Organisation?
- What is Corporate?
- What is a Startup?
- Who are the Stakeholder?
- What is a Multinational Corporation?
- What is Competitive Advantage?
- What is Foreign Investment?
- What is Economic Reform?
- What is Industrial Reform?
- How are the Reforms and Fiscal Policies Linked?
- How does Growth Impact Employment?
- What is a Labour Market?
- What is Humanistic Management?
- What is the Public Enterprise?
- What is a Private Firm?
- What is Family Owned Business?
- What is Corporate Financial Performance?
(India CSR)
