Tooltip Categories: Economics & Finance

professionalism

The conduct, aims, or qualities that characterize or mark a profession or a professional person. (source: http://www.merriam-webster.com/dictionary/professionalism)

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profit

A financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something. (source: http://www.oxforddictionaries.com/definition/english/profit)

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profit and loss statement

A financial statement that summarizes the revenues, costs and expenses incurred during a specific period of time – usually a fiscal quarter or year. These

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profit margin

Profit margin = sales – cost of products. The ratio of profitability = net profits / sales.

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product (marketing)

Anything that can be offered to a market that might satisfy a want or need. (source: http://en.wikipedia.org/wiki/Product_%28business%29)

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private sector

The part of the economy that is not state controlled, and is run by individuals and companies for profit. (source: https://www.google.es/search?q=private+sector+def&ie=utf-8&oe=utf-8&aq=t&rls=org.mozilla:es-ES:official&client=firefox-a)

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privatization

The process of transferring ownership of a business, enterprise, agency, public service or public property from the public sector (a government) to the private sector,

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pro bono

Pro bono publico (English: for the public good; usually shortened to pro bono) is a Latin phrase for professional work undertaken voluntarily and without payment

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