Term of the Day

gross profit

Calculated as sales minus all costs directly related to those sales. These costs caninclude manufacturing expensesraw materialslaborselling,marketing and other expenses.

For more information, see Net vs Gross.
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Usage Example
Management asserted that the generic wave should significantly increase Walgreens gross profit per script compared to the gross margin, which it earns on brands.
Notable Quotable
"October. This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February." 
-Mark Twain
Term of the Day

fiscal policy

Government's revenue (taxation) and spending policy designed to (1)countereconomic cycles in order to achieve lower unemployment, (2) achieve low or no inflation, and (3) achieve sustained but controllable economic growth. In arecession, governments stimulate the economy with deficit spending(expenditure exceeds revenue). During period of expansion, they restrain a fast growing economy ...
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Usage Example
Job growth has been hobbled by uncertainty over fiscal policy.