Every company needs to earn a profit to be successful. A positive bottom line on a company's income statement is an indicator that the business is doing well. That bottom line, or net profit, is essential for the company's continued growth and prosperity. In this article, we cover the importance of profit and how it compares to growth, the different types of profit and tips for increasing profit.
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Answer:
Every company needs to earn a profit to be successful. A positive bottom line on a company's income statement is an indicator that the business is doing well. That bottom line, or net profit, is essential for the company's continued growth and prosperity. In this article, we cover the importance of profit and how it compares to growth, the different types of profit and tips for increasing profit.
Explanation:
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