P&L
Profit and Loss Statement
For product managers, the P P P&L L L is a financial statement that helps determine whether a product contributes a profit to that business. the most important elements are revenue (units sold X price charged), cost of goods sold (material, labour, and overhead), and gross profit (total revenue minus cost of goods sold). Gross profit is an effective way of determining if a product is achieving its financial objective
Bookmark this glossary item
Share this item using the following sites:
