Question

What do you understand by profit making organisation describe the various type of profit making organisationWhat do you understand by profit making organisation describe the

Answer 1

Explanation:

Profit describes the financial benefit realized when revenue generated from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity in question. Any profits earned funnel back to business owners, who choose to either pocket the cash or reinvest it back into the business. Profit is calculated as total revenue less total expenses.