Examlex
Errors are common to all types of survey.
Gross Profit
The amount by which sales revenue exceeds the cost of goods sold, prior to subtracting expenses such as overheads, payroll taxes, and interest.
Operating Expenses
Costs related to the day-to-day operations of a business, excluding the cost of goods sold.
Net Income
Profit calculated after deducting all operating expenses, interest, taxes, and any other charges from total revenues.
Service Firm
An enterprise offering non-physical products or services to its customers, as opposed to tangible items.
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