INVESTIGATION OF THE CONCEPT OF PROFITABILITY

In the article the author has presented the currently actual issue of re-evaluation of the well-known definitions The modern realities are such that the necessity of revision of many settled terms and concepts is arisen, which is explained by both the demands of the theory and the requirements of the practice. The comparison analysis of the concept ‘profitability’ has been presented by the article. Many economists both in Russia and abroad have examined the issues regarding the economic essence of this term. Some conceptual approaches to the definition of the concept have been provided in the article; the basic differences in the interpretation of the term have been demonstrated; the generalized conclusions have been made.

profitability, cost price, value added, management criteria, management effectiveness, classification of management criteria, profitableness, financial result, gross profit, capital, net profit