Question

Profit refers to the money the company brings in through the sale of goods and services. True or False?

A) True
B) False

Answer 1

True. Profit refers to the money a company brings in through the sale of goods and services.

Step-by-step explanation:

True. Profit refers to the money a company brings in through the sale of goods and services. It is the difference between the total revenue earned from sales and the total cost incurred to produce those goods and services. For example, if a business earns $100 in revenue and incurs $80 in costs, the profit would be $20.