Category Archives: G is for…

Gross Profit

Gross Profit is defined as the difference between revenue (or turnover) and the cost of buying or making the product/service in question Example: Selling price £3 Cost to manufacture (raw materials, packaging and delivery to customer) £1.50 Gross Profit = £3 – £1.50 Gross profit is also commonly expressed as a percentage – in the […]


GMP stands for Good Manufacturing Practice GMP guidelines are not a set of prescriptive instructions on how to manufacture products. They are instead a series of general principles that should be observed during the manufacturing process. When a company is setting up its quality program and manufacturing process, there will be many ways it can […]