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Conflict theorists would agree with all of the following statements except:
Net Income
The amount of profit left over after all expenses, taxes, and costs have been subtracted from total revenue.
Sales
The total revenue a company generates from selling goods or services before any expenses are subtracted.
Profit Margin
A measure of profitability calculated as net income divided by revenue, expressed as a percentage, indicating the portion of each dollar of revenue that results in net income.
Gross Profit Margin
A financial metric that shows the percentage of revenue that exceeds the cost of goods sold, indicating the efficiency of a company in managing its production costs.
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