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James was having spaghetti for dinner. After a while, he told his mother that he was too full and could not eat anymore. However, he ate a piece of cake. This illustrates:
Firm's Profitability
a measure of how effectively a company generates profit compared to its revenues, indicating its financial health and sustainability.
Different Industries
Various sectors of the economy that produce different types of goods and services, such as manufacturing, technology, and healthcare.
Higher Profits
The increased financial gain achieved by a business when its revenue exceeds its expenses by a greater margin than before.
Costs
Costs refer to the amount of money required for the production of goods or services, including expenses related to labor, materials, and overheads.
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