To assess if your project will generate profit, calculate both total revenue and total costs, ultimately leading to a clear measurement of project profitability.
Project profitability is indicated not only by absolute profit but also by profit margin percentages; understanding both provides a fuller financial landscape.
For project profitability assessment, always weigh both direct costs and profit margins to determine an accurate depiction of financial viability.
Evaluating potential returns on investment requires a deeper analysis beyond raw profit figures, focusing on overall profitability measurements for informed decision-making.
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