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The net profit is the total profit of your business for a period of time after you’ve subtracted all of the expenses. You can also calculate the net profit by subtracting indirect costs, taxes, and expenses from gross profit.

In retail, a never-out list is a special list that contains all of the best-selling products that the store should always have in stock. Unlike the regular stock plan, the never-out list only contains products that are sought after by customers and that are sold really quickly. This is why retailers usually have a big stock of these products, to ensure that they are always available for customers.

Stores that practice niche retailing only focus on a category of products. For example, stores that only sell shoes instead of combining multiple products. Since they focus on a category of products, these retailers also add some complementary products that are necessary. For a shoe store, the retailer can also integrate show wax or insoles.