How are profits best defined?
A) expenses plus net income
B) costs plus revenues
C) revenues plus expenses
D) revenues minus expenditures

Name: How are profits best defined? A) expenses plus net income B) costs plus revenues C) revenues plus expenses D) revenues minus expenditures
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Question

Quizplus · Accepted Answer

Profits are revenues minus expenditures. To increase profits, a company can increase revenues, decrease expenses, or try to do both.

How Are Profits Best Defined