What is the best definition of profit? A. Profit is the possible income from producing an additional item.
B. Profit is the price of producing one additional unit of a good.
C. Profit is the additional income gained from selling an additional good.
D. Profit is the financial gain from business activity minus expenses.
What is the best definition of profit?
Share
The best definition of profit is:
D. Profit is the financial gain from business activity minus expenses.
Explanation: Profit represents the money that remains after all costs of running a business, including expenses like wages, materials, and overhead, have been subtracted from total revenue. It’s a measure of the financial success of a business, indicating how effectively it can generate income relative to its costs.