PROFIT

Profit is a benefit a buyer seeks from a product or service

A popular definition of profit is a transaction in which the income exceeds the outgo.  Everyone knows that this benefit or gain is essential for a prospering business.

Buyers look for opportunities for profit when they buy a product or service for resale, as wholesalers, or when they buy raw materials for manufacturing a product that can be sold at a profit.  Alert sales persons point out how the product or service can result in a gain for the buyer.  They should not assume that these gains will always be apparent to the buyer.

A profit can result in many ways.  An insurance agent informed a recent widow that her deceased husband had an insurance policy worth $1,000.000.  This astounding news  made her regain composure and partially dry her tears.  She blurted out “You know, I would give up half of this just to have him back.”  The profit motive runs deep.

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