Benefiting

Definition

Benefiting refers to gaining advantages or benefits from a particular action, decision, or situation.

Related terms

Competitive Advantage: A unique advantage that allows a firm to outperform its competitors in the market.

Economic Profit: The difference between total revenue and total costs, including both explicit and implicit costs.

Consumer Surplus: The extra satisfaction or utility gained by consumers when they pay less for a good or service than they are willing to pay.