#4 mgt 241 profits

#4 mgt 241 profits - Micah Vinson Mgmt 241 Revenue / Profit...

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Micah Vinson Mgmt 241 Revenue / Profit Generation The word revenue as defined by Merriam-Webster’s dictionary is the total income produced by a given source. Revenue is the number one thing on the top of every CEO’s list. Without revenue your business is non extent and pointless. While Merriam-Webster defines the word profit as the excess of returns over expenditure in a transaction or series of transactions; especially: the excess of the selling price of goods over their cost. So while revenue and profit both have the similarity of an increase coming in business, profit exemplifies the goal of every business. This goal is to find a product or service and overcharge heavily for a much a higher profit. A perfect example of profit is how Nike is making tennis shoes in countries like Taiwan, Korea, and China for $10 a pair, having them packaged to the United States and sells them for $100 a pair. That would be what is called a 90 percent profit. This kind of profit is what is ideal in American business today, some might see it as greedy, it is the way business. In profit generation the major factor for a successful increase is production. The four
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This note was uploaded on 12/08/2009 for the course BUIS 1231 taught by Professor Dr.jones during the Spring '07 term at Bowie State.

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#4 mgt 241 profits - Micah Vinson Mgmt 241 Revenue / Profit...

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