profit-and-loss statement: summary of a firm's
revenue, costs and taxes over a period of time.
profit-sharing plan: if your company's doing well, this
is one great perk. The company gives employees bonuses tied
to the amount of profit it makes.
progressive tax: one that takes a larger percentage of a
higher income and a smaller percentage of a lower income.
promote a new product: to increase sales of a new
product by a sales campaign.
promotion: program designed to sell goods or services
to the public. All means of conveying the message about a
product or service to potential customers (by publicity or sales
campaign or TV commercials or free gifts, etc.).
