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  • 14-04-2021
  • Social Studies
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What are the differences between income and profit?

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DarthVader110
DarthVader110 DarthVader110
  • 15-04-2021

Answer:

Investors use profit to figure out how much money a business makes from the manufacture and selling of its products and services. The term income is often interchanged with profits. Net profits, on the other hand, is the profit left over after all expenses and costs have been withdrawn from sales. Investors use income or profit to assess a company's overall performance, which represents how well it has been managed.

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