Match the words with the term.
-1st level of profitability
A) gross profit
B) goodwill
C) profit for the year
D) profit before taxes
E) cash flow

Question

Quizplus · Accepted Answer

Gross profit is considered the first level of profitability because it represents the profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services, before any other expenses are taken into account.

Match the Words with the Term