miércoles, 7 de noviembre de 2012

Profits


Profit is money that a business has after paying all its expenses.
Expenses can be:
-         Wages to employment
-         The cost of supplies
-         Taxes
-         Payment on loans

Profits are necessary for business to:
-         keep the economy healthy
-         incentive to start, expand and maintain businesses
-         provide wealth for business owner and shareholders

Profits are important for employees to:
-         increased income
-         increase job security

An effective, successful business meets the needs and the wants of consumers and responds to consumer demand. A profitable business needs to be able to expand and develop new products.