When a firm's sales revenues are greater than its expenses, what has the firm earned?

Name: When a firm's sales revenues are greater than its expenses, what has the firm earned?
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Question

Quizplus · Accepted Answer

A firm has earned a profit when its sales revenues are greater than its expenses. A profit is the amount of money that remains after deducting expenses from revenues. It is a measure of a firm's financial success and can be used to reinvest in the business or distribute to shareholders.

When a Firm's Sales Revenues Are Greater Than Its Expenses