PRE-TEST Directions: Identify what is being asked.
1. Give the formula for gross profit.
The gross profit formula is: Gross Profit = Revenue – Cost of Goods Sold.
2. Enumerate the 4m’s
Money, material, machine and manpower
3. Refers to the system and step by step process in the business. Without a scalable process, it would be difficult to expand the business.
Scalable processes
are those that help you manage growth to a desired outcome regardless of the pace your company grows. They work the same for each person on your team, and that won't change as you add new team members.
4. ?
5. Give the 7c’s
The seven C's are: clarity, correctness, conciseness, courtesy, concreteness, consideration and completeness.
I don't really know what your talking about at the No. 4
