Business essentials lesson 2.05 Quiz factors affecting profit

Each purchase strengthens the economy by encouraging

A popular product is said to be

Business owners are usually interested in net profit because they want to know what they can

Which of the factors that affect profit are usually able to be controlled?

If no profit is generated for an extended period, a business must

Profitable businesses often help improve their local communities by

Which of the following is a general benefit profit provides:

Which of the following is a situation in which people are out of work and can’t afford extra purchases:

To use resources wisely, business owners must reduce

For each new product it offers, a business seeks

Besides motivation, what does profit provide business owners in particular?

The money spent to run a business is called

Gross profit shows business owners the difference between what they’ve

Businesses must be careful about increasing the prices of their goods to increase profits bc the result may be that they

When employees are working faster or better, they are increasing their

In business terms, income is the money

In business terms, what is profit?

The amount of money paid for raw materials and products sold is called

Which activities are likely to increase a firm’s profit?

If expenses are greater than income, there’s no