C O Interview Questions and Answers

Increasing company profit can be achieved through various strategies.

• Reducing expenses and overhead costs

• Increasing sales and revenue

• Expanding into new markets or product lines

• Improving operational efficiency

• Implementing cost-effective marketing strategies

• Investing in technology and automation

• Streamlining supply chain management

• Offering premium products or services at higher prices

• Negotiating better deals with suppliers

• Optimizing pricing strategies

• Improving customer retention...read more

Business is the activity of making, buying, or selling goods or providing services in exchange for money.

• Business involves creating value for customers through products or services

• It requires identifying and meeting customer needs and wants

• Businesses must also manage resources effectively to maximize profits

• Rules and regulations govern business practices to ensure fair competition and protect consumers

• Examples of businesses include retail stores, restaurants, and consulting f...read more

Profit is the financial gain earned by a business or individual, while loss is the opposite of profit, indicating a decrease in financial gain.

• Profit is the positive difference between revenue and expenses

• Loss is the negative difference between revenue and expenses

• Profit is an indicator of financial success, while loss indicates financial struggle

• Examples of profit include revenue earned from sales, investments, or rental income

• Examples of loss include expenses such as salari...read more