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Ernest Henson
Business
17 December, 00:44
Define the word profit in business
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Lewis Friedman
17 December, 00:57
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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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