If a Firm Is to Create Profit,the First Condition Is

question 41

True/False

If a firm is to create profit,the first condition is that it must supply a product for which the price the customer is willing to pay exceeds the cost incurred in supplying that product.

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Definitions:

Mental Health

A state of well-being in which an individual realizes their abilities, can cope with normal stresses of life, work productively, and contribute to their community.

Physical Health

The state of one's bodily functions and condition, encompassing factors like fitness, nutrition, and absence of disease.

Physical Fitness

A state of health and well-being that is achieved through regular physical activity, proper nutrition, and adequate rest.

Sustained Exercise

Exercise activities carried out over an extended period, aiming for long-term health benefits and improvements in physical fitness.