How is profit calculated?
AnswerRevenue minus expenses
Profit is what remains after costs.
Business · Facts & stats
Business facts & stats
7 fact-checked facts about business basics, entrepreneurship and management, each with the reason behind it. 5 more are in today's round and join this page after it closes.
The basics
What does B2B mean?
AnswerBusiness to business
B2B companies sell to other businesses.
Going deeper
What is the break-even point?
AnswerWhere total revenue equals total costs
Beyond it, a business starts making a profit.
In a SWOT analysis, what does the O stand for?
AnswerOpportunities
SWOT is strengths, weaknesses, opportunities and threats.
In startups, what does MVP stand for?
AnswerMinimum viable product
An MVP tests an idea with the simplest workable version.
Expert level
Who is often called the father of modern management?
AnswerPeter Drucker
Drucker wrote dozens of influential management books.
Kongo Gumi, often cited as the world's oldest company, was a construction firm from which country?
AnswerJapan
It was founded in 578 AD to build Buddhist temples.
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