Examlex
What are the basic functions of administrative agencies?
Profit
The financial gain achieved when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity.
Selling Price
The amount of money for which something is sold or offered for sale to a buyer.
Marked Down
A reduction in the price of goods to stimulate sales or clear out inventory.
Operating Expense
Operating expense includes all necessary expenditures that a business incurs as a result of performing its normal business operations, excluding the cost of goods sold.
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