Nobody downloaded yet

What is Profit - Literature review Example

Comments (0) Cite this document
Summary
This review "What is Profit?" discusses making a profit in any business organization. This trend is found to be very common in the period of 2008-09 as organizations have struggled to make a profit in this period due to global financial turmoil…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92.8% of users find it useful
What is Profit
Read TextPreview

Extract of sample "What is Profit"

Download file to see previous pages Every year organizations adopt various strategies, launch different products and services, run the recruitment process and pursue various other activities. All these activities are basically either or indirectly directed to one goal which is making a profit. These activities are very usual in the business environment. However, the interesting fact is that there are several unusual activities which are pursued by the organizations in order to make a profit.
In simple language, profit is nothing but the excess of revenue after deducting the total expenses from it. Profit of an organization depends on various internal and external environmental factors. If current world business environment is concerned, organizations from all over the world have seen how difficult it could be to make a profit in adverse situations like financial meltdown. The global financial turmoil that started from mid-2008 and still continuing has been proved to be the most difficult period for most of the organizations in the world, especially in the developed countries. Many of the global companies which are operating for several years have struggled to make a profit and most of them have failed to make a profit in this period. The main reason behind this is the sudden fall in demand for almost all the goods and services as the financial condition of the people around the world was badly affected. As a consequence of lowering of overall demand organizations’ revenue has fallen drastically and hence they struggled to make a profit. In order to overcome this situation and get the organization back to profit making track management have performed several activities. They came up with new pricing strategies; they reduced the workforce of the organization, they even sold one or two of their units.   ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(What is Profit Literature review Example | Topics and Well Written Essays - 2000 words - 16, n.d.)
What is Profit Literature review Example | Topics and Well Written Essays - 2000 words - 16. Retrieved from https://studentshare.org/business/1561890-essay
(What Is Profit Literature Review Example | Topics and Well Written Essays - 2000 Words - 16)
What Is Profit Literature Review Example | Topics and Well Written Essays - 2000 Words - 16. https://studentshare.org/business/1561890-essay.
“What Is Profit Literature Review Example | Topics and Well Written Essays - 2000 Words - 16”, n.d. https://studentshare.org/business/1561890-essay.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF What is Profit

Company profit calculation

...?Perfect Competition Question One MC = 3 + 6Q + 3Q2 Part (a) At the profit maximisation level, P = MC = $48: 48 = 3 + 6Q + 3Q2 Q2 + 2Q – 15 = 0 The roots of the equation are: Q = 3 and Q = -5 Since Q = -5 is not physically possible, so Q = 3. ? Profit is maximised when output level is 3 units. Part (b) TC = ?MC = ?(3 + 6Q + 3Q2) = 3Q + 3Q2 + Q3 + c At a production level of Q = 0, the cost of capital remains $3: 3 = 3(0) + 3(0)2 + (0)3 + c c = 3 ? TC = 3 + 3Q + 3Q2 + Q3 Part (c) At Q = 3: TC = 3 + 3(3) + 3(3)2 + (3)3 = $66 Part (d) Tr = p (q) at P = $48 and q = 3: = $144 Part (e) Profit = TR – Tc = 144 – 66 = $78 Part (f) atc = tc / q = (3 + 3Q + 3Q2 + Q3) / Q ATC’ = (3Q2 + 6Q + 3) / 3 –...
5 Pages(1250 words)Assignment

Profit and Loss Account

...?QUESTION ONE a. Profit and Loss Account Peter’s Refrigeration Business Profit and Loss Account for the period ended 31st December 2009 ? ? Sales 3,003,500 Less Cost of Goods Sold: Opening Stock 246,000 Purchases 1,860,500 Closing Stock (287,000) (1,819,500) Gross Profit 1,184,000 Less Expenses: Rent and Rates 94,700 Gas and Electricity 28,600 Wages and Salaries 304,000 Motor Expenses 49,500 Professional Fees 12,500 Bank Charges 11,100 Insurance 2,300 Administration Expenses 12,800 Depreciation 179,100 Long-Term Loan Interest 45,000 (739,600) Net Profit 444,400 b. A profit and loss account provides an account of the income and outgoings of the business...
2 Pages(500 words)Coursework

Non Profit Organizations

...?Non Profit Organizations Questions After a long career as a Marketing Manager for Coca Cola, a friend of yours is thinking about taking a seniormarketing position in a not for profit organization. What are some of the major differences she should expect to encounter? The friend should expect a great deal of difference as per her working domains. For starters, she must understand that this is a wholly differential undertaking and it would mean that she will have to undergo work which is haphazard and without any due incentives coming to her fore. She will have to comprehend how as being the Marketing Manager at Coca Cola will she replicate the same within her realms at the not for profit organization. There is evidence in the form... of...
8 Pages(2000 words)Research Paper

Simple Profit Maximizing Perspective

...? Simple Profit Maximizing Perspective Simple Profit- Maximizing Perspective Introduction Profit maximization by firms isthe process by which firms create an optimum level of output and price that offers profitable returns. Profit making is the main aim of several firms, and adopting a profit maximization strategy is one step towards their goal. Firms adopt different approaches and perspectives towards profit maximization and the most common are the total revenue-cost and marginal revenue-cost perspectives. Firms use these strategies as the spring board for their activities towards profit realization....
8 Pages(2000 words)Essay

Profit Maximization

...Topic: Profit Maximisation is not the common objective among organizations. Organizations have been accused of operating on profits alone without accounting for the social consequences of their actions. There is a belief that myriad enterprises make decisions based only on financial factors such as profits and dividends and limit their obligations to statutory obligations to comply with government legislation. Though the public links corporate goals and values solely to profit maximisation, it is evident from company behaviours and undertakings that financial success and social considerations are not treated as a zero-sum game. Companies are increasingly attempting to establish explicit statements reflecting their goals to take... ...
10 Pages(2500 words)Essay

Profit declining

...Corporate social responsibility Costlo undoubtedly is a great business retailer in United s of America. Being the 5th biggest retailer in U.S.A, not only he has insurmountable reputation, but has a big heart for his employees and vast customer base. No beating around, he is great. As his company net Profit declining for the two consecutive quarters is certainly alarming as well as agitating not only for Costello but also for the investors and shareholders. Considering the stakeholder's theory proposed by R.Edward Freeman (Freeman, 1984,25) I visualize the first option may work out well and bring costlo back to normalcy. Stakeholder theory can be defined in various forms and flavors. A stake holder in an organization is...
5 Pages(1250 words)Essay

Profit Maximization

...Profit Maximization College: Introduction The firm theory describes a business enterprise as a combination of financial and physical assets, people, and information. People are directly involved in running the enterprise as customers, employees, suppliers, stockholders, and management as well as the society surrounding the firm (Keown, 2003, p. 5). Firms exist to produce and distribute services and goods and they influence the surrounding community in various ways including taxes paid, use of scarce resources, provision of employment and production of the needed goods and services. In its simplest version, firm theory provides profit maximization as the primary goal of every firm. Business owners or the...
11 Pages(2750 words)Essay

Weighing the Evidence

2 Pages(500 words)Research Paper

Economic Profit

...Economic Profit Question Added value = value of products or services – cost of producing such products or providing the services Microsoft Added value = value of output – wages and salaries – cost of materials – cost of capital Added value = 2,750 – 400 – 1,650 – 40 Added value = $660 Barclays bank Added value = $5,730 – 3,953 – 916 – 556 = $305 General Motors Added Value = 50,091 – 29,052 – 15,528 – 7,507 = -$1996 Question 5 Economic profit is a better measure of profit than accounting profit because it considers opportunity cost and other hidden costs which are ignored by accounting profit (Black, 2003). Economic profit is positive if...
1 Pages(250 words)Essay

Profit maximisation

...PROFIT MAXIMISATION PROFIT MAXIMISATION IN DIFFERENT MARKET STRUCTURES As applied in economics, profit maximisation refers to the long run or short run process by which the firms in the market determine the output level and price at which they would make the greatest profits. While firms strive to maximise their total revenues and minimise the total costs, total profits reach their maximum when the marginal revenue equals the marginal cost (Baumol and Blinder, 2012). Profit Maximisation for pure monopoly A pure monopoly exists in the market when there is only one seller of a product with no close substitutes (Baumol and Blinder, 2012)....
2 Pages(500 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Literature review on topic What is Profit for FREE!

Contact Us