Differences between Profit and Profitability
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Explain the difference between profit and profitability and why this difference is important in business.
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Solution explains the differences between profit and profitability.
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Profit is how much money the company actually earns. It is the difference between sales revenues, and operating costs. It can be looked at as a 'snap shot' of how the company performed at any given point in time- i.e in 2010, Company X made 10 million dollars in profit.
Profitability on the other hand looks at how a company is investing its recourses to generate profit. Profitability is dynamic ...
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