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14 December, 21:04

Define the word profit in business

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  1. 15 December, 00:08
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    Profit is a financial benefit that is realised when the amount of revenue gained from a business activity that exceeds the expenses, costs and taxes, which needed to sustain the activity.

    Extra: Any profit that is gained, always goes to the business' owners. It is up to them whether the profit is then spent on themselves or the business.
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