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Because the football game was interrupted by a long half-time,5-year-old Mark mistakenly concluded that the first and second halves of play were two different games.His experience best illustrates the organizational principle of
Net Profit
The total earnings after all expenses and taxes have been subtracted from revenue.
Overhead Expenses
costs related to the day-to-day running of a business but not directly tied to producing goods or services.
Selling Price
The amount of money for which a seller offers a product or service to the buyer.
Rate of Profit
A measurement, usually expressed as a percentage, reflecting the profitability of an investment or business compared to the initial cost.
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