Types of Profit: Gross, Operative, Net

Cost of Goods Sold (correct)

Selling and Administrative Expenses

Research and Development Costs

Operating Expenses

Operating Profit

Net Profit

Operative Profit (correct)

Gross Profit

To determine the company's market value

To evaluate the effectiveness of marketing strategies

To identify the most profitable departments or products (correct)

To calculate the company's tax liability

<p>Net Profit</p> Signup and view all the answers

<p>Gross Profit is the difference between Revenue and Cost of Goods Sold</p> Signup and view all the answers