2.3.1 profit Flashcards
1
Q
What is the profit formula?
A
Total sales-Total costs
2
Q
what are the ways to improve profitability?
A
Increase selling price, increase production output (make more, sell more), sell more
3
Q
What is profits?
A
Profit is the amount you make after the costs.
4
Q
what is cashflow?
A
cash flow is how much money is coming in and out of the business
