Lululemon To Buy Buzzy Exercise Startup Mirror For $500 Million
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Profit equals a company’s revenues minus expenses. Earning a profit is important to a small business because profitability impacts whether a company can secure financing from a bank, attract investors to fund its operations and grow its business. Companies cannot remain in business without turning a profit.
In 2003, for instance, the People’s Republic of China modeled eighty% of its state-owned enterprises on …