reward to a business firm for the risk it undertakes in marketing its offerings is referred to as
A) shareholders' equity.
B) profit.
C) assets.
D) contribution margin.
E) goodwill.

Question

Quizplus · Accepted Answer

Profit is the financial reward or return that a business firm earns for undertaking the risk of marketing its offerings. It is the difference between total revenue earned and the total cost incurred in producing and selling the offerings.

Reward to a Business Firm for the Risk It Undertakes