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profit:

. . . a gain as an amount of something earned or produced. Tutor2u answers the following question about profit as it applies to business enterprises: What is profit? (answer). Wikipedia has an article about profit as it relates to economics. Profits are reported on the bottom line of various business financials — see the definition of P&L.

Net profit is a gross amount less overhead costs minus other exclusions and deductions calculated for a given accounting period. Profits are wealth residuals that individuals and enterprises typically can claim as theirs to possess after deducting all expenses.

Profitability is the intrinsic or managed quality of being able to maintain positive results from an enterprise operation over a period of time. It is typically measured in terms of financial gain as opposed to loss. Business Dictionary.com states that profit is the . . . best known measure of the success of an enterprisemore of the definition.



 
 
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Economic Development Services, Inc. / copyrights and all rights reserved / 01/14/2014