Question

When a business seeks a certain profit, it uses a factor to adjust its price. The factor is called a _____.?

Answer 1

Choose the best answer. When a business seeks a certain profit, it uses a factor to adjust its price. The factor is called a _____. credit discount inventory adjustment markup quantity discount

When a business seeks a certain profit, it uses a factor to adjust its price. The factor is called a markup.

Answer 2

The factor is called a profit.

Profit is an aim to any business establishment. This is the financial return or reward that an entrepreneur ultimate goal after the risk they have take. The moment a product is sold more than it cost to produce, then a profit is earned which can be invested again.

PROFIT = TOTAL SALES - TOTAL COSTS