Profitability (Noun)
Meaning
The quality of affording gain or benefit or profit.
Classification
Nouns denoting attributes of people and objects.
Examples
- The company's new marketing strategy has significantly improved its profitability in the last quarter.
- To increase profitability, the business decided to reduce its operational costs and streamline its production process.
- The startup's innovative approach to sustainable energy has led to increased profitability and a strong market presence.
- Analysts closely monitor a company's profitability to determine its potential for long-term growth and success.
- The company's focus on customer satisfaction has led to increased customer loyalty, resulting in higher profitability.