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Rank: Elder Joined: 10/4/2006 Posts: 13,823 Location: Nairobi
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streetwise wrote:For sure making hyper profits is a sin which ever name you call it at what point does it cease to be "good" profit and becomes "super" then "hyper"? uko na hizo numbers? who sets those numbers? All Mushrooms are edible! Some Mushroom are only edible ONCE!
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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masukuma wrote:streetwise wrote:For sure making hyper profits is a sin which ever name you call it at what point does it cease to be "good" profit and becomes "super" then "hyper"? uko na hizo numbers? who sets those numbers? From my 8-4-4 education, good profit ceases when average revenue > average total costs If Obiero did it, Who Am I?
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Rank: Elder Joined: 10/4/2006 Posts: 13,823 Location: Nairobi
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Swenani wrote:masukuma wrote:streetwise wrote:For sure making hyper profits is a sin which ever name you call it at what point does it cease to be "good" profit and becomes "super" then "hyper"? uko na hizo numbers? who sets those numbers? From my 8-4-4 education, good profit ceases when average revenue > average total costs that is PROFIT. you have 100bob revenue and you incurred total cost of 90 bob. your "profit" is 10 bob. so REVENUE - TOTAL COST is PROFIT, but people have put it on a scale. that 1 cent is poor profit, and some large number lets say 999,999,999,999 is 'hyper'. isn't this scale subjective? what is "poor" to you may not be poor to me. what you consider "hyper" may not be hyper to me - right? thus my question - who defines this scale? All Mushrooms are edible! Some Mushroom are only edible ONCE!
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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masukuma wrote:Swenani wrote:masukuma wrote:streetwise wrote:For sure making hyper profits is a sin which ever name you call it at what point does it cease to be "good" profit and becomes "super" then "hyper"? uko na hizo numbers? who sets those numbers? From my 8-4-4 education, good profit ceases when average revenue > average total costs that is PROFIT. you have 100bob revenue and you incurred total cost of 90 bob. your "profit" is 10 bob. so REVENUE - TOTAL COST is PROFIT, but people have put it on a scale. that 1 cent is poor profit, and some large number lets say 999,999,999,999 is 'hyper'. isn't this scale subjective? what is "poor" to you may not be poor to me. what you consider "hyper" may not be hyper to me - right? thus my question - who defines this scale? When Average revenue is equal to average cost, that is still profit by its's an "ethical profit", once your average revenue starts exceeding your total average costs that becomes a super normal profit which ceases to be " ethical profit". But I don't know whether sufferingcom makes normal or supernormal profits. If Obiero did it, Who Am I?
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Rank: Elder Joined: 10/4/2006 Posts: 13,823 Location: Nairobi
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"ethical profit"? ethics defined by whom? All Mushrooms are edible! Some Mushroom are only edible ONCE!
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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masukuma wrote:"ethical profit"? ethics defined by whom? Economic ethics defined by economists If Obiero did it, Who Am I?
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Rank: Elder Joined: 6/23/2009 Posts: 14,340 Location: nairobi
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Swenani wrote:masukuma wrote:"ethical profit"? ethics defined by whom? Economic ethics defined by economists I would opine that when the profits are too much that the management looses intelligent use of the same, then that is unethical profits. It can happen to both small and large firms, so its not about the sum but the usage.. A father who starts drinking and mpango because of excess profits has moved into unethical zone, but one who uses the cash to pay school fees for destitute children has not moved into the unethical zone. IBM for example is ethical, Safaricom isnt since they simply repatriate to the UK and Mobitelea among others COOP, IMH, KEGN, KQ, MTNU
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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obiero wrote:Swenani wrote:masukuma wrote:"ethical profit"? ethics defined by whom? Economic ethics defined by economists I would opine that when the profits are too much that the management looses intelligent use of the same, then that is unethical profits. It can happen to both small and large firms, so its not about the sum but the usage.. A father who starts drinking and mpango because of excess profits has moved into unethical zone, but one who uses the cash to pay school fees for destitute children has not moved into the unethical zone. IBM for example is ethical, Safaricom isnt since they simply repatriate to the UK and Mobitelea among others Regardless of how much the company invests in CSR, too much profit is unethical, CSR expenses are usually treated as an expense item and charged to the P&L hence the profit declared is usually less the CSR expenditure If Obiero did it, Who Am I?
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