Enterprise Profit : Its Role, Formation And Reserves of Growth In The Market Conditions
The purpose of this work is to consider the category «profit of the enterprise» and its role in the market economy, as well as factors that affect the formation of enterprise profits. Determination of the impact of enterprise profits on enterprise and state activities. Despite the importance of category “profit”, until now there is no single approach to determine its economic substance. The main reason of different interpretations is the divergence of views on the nature of the emergence and the peculiarities of profit generation. Despite the accumulated earlier considerable contribution in the field of financial results of the management, the issues of the current state of their formation at Ukrainian enterprises remain unsolved. The size of the company’s profit influences the formation of the company’s financial resources, the increase of the enterprise market value, the efficiency of the enterprise production activities and the economic development of the state through the replenishment of the state budget by paying taxes. In the article the profit of the enterprise is investigated and its role in the conditions of a market economy is determined. The factors influencing the formation of enterprise profit are considered. It is determined the importance of profit of the enterprise both at the enterprise level and at the state level. It is proved that profit of an enterprise is one of the criteria for ensuring its competitiveness. The analysis of the collection of part of the profit to the State Budget in the form of corporate profit tax. The volume of profits received by enterprises during 2014-2018 is considered. It is determined that a significant part of the economy is at the shadow, and this negatively affects the general welfare of both the population of the country and the state as a whole. In order for Ukrainian enterprises to operate in a stable and profitable market in the current market conditions the following proposed: growth of production volume; reduction of production and sales cost; saving and rational use of money; modernization of equipment; introduction of achievements in scientific and technological progress, etc. Profit is a main priority and purpose of the enterprise. The enterprise directs all the forces for profit and its maximization. Profit is extremely important for the operation of an enterprise, because the larger the amount of profit, the more money the company can direct its activities, which eventually will increase profits. Formation and creation of market economy requires a rational and economically grounded approach to the planning of their activities, to determine the strategy of financial and industrial policy, analysis and evaluation of the results. The constant maintenance of profit growth is to determine the influence factors of its formation and the search for unused reserves, which is the subject of a long-term research for scientists
Year of publication: |
2022
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Authors: | Bogatska, Nataliia |
Publisher: |
[S.l.] : SSRN |
Saved in:
freely available
Extent: | 1 Online-Ressource (7 p) |
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Type of publication: | Book / Working Paper |
Language: | English |
Notes: | In: Efektyvna ekonomika, [Online], vol. 9, available at Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments September 30, 2019 erstellt |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10014236326
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