Answer and Explanation:
What is Profit:
Profit is a positive value for revenue minus costs. (A negative difference always shows a loss.)
How is profit calculated in a firm:
The easiest way to find profit is to take the total revenue of the business and minus the total cost of the business. Hence, Profit = Total Revenue – Total Cost.
The total revenue or TR, is calculated from the price of a goods multiplied with the quantity of goods sold. While the total cost, or TC, is the sum of fixed cost and variable cost incurred. Hence, now the equation becomes as follows
Profit = P.Q - (Fixed Cost + Variable Cost).
The island location contributed because Japan was practically secluded and shut off from most of the world, giving them an almost neutral environment to flourish (with some influence from China).
The six steps of achieving empathy are
Be curious about others
Challenge your own prejudice
Imagine being in the shoes of the other person
Listen sincerely
Inspire others to listen more
Have a good imagination
They help someone become less ethnocentric because the steps allow someone to be more open to other people's cultures.
