increase profit

USAGE SUMMARY

The phrase "increase profit" is correct and usable in written English.
It can be used in business contexts when discussing strategies or actions aimed at boosting financial gains. Example: "Our main goal this quarter is to increase profit by expanding our customer base and improving our marketing efforts."

✓ Grammatically correct

News & Media

Science

Human-verified examples from authoritative sources

Exact Expressions

60 human-written examples

In addition, physicians altering the mix of treatments to increase profit margin 2 and the increased level of competition among providers present incentives for increasing efficiency.

BMJ Open

EarthLink, based in Atlanta, is cutting jobs to increase profit.

The New York Times

He shed its nontobacco interests to increase profit margins.

The New York Times

Facebook has been trying various other measures to increase profit.

The New York Times

Microsoft would have to increase profit 94percenttoto justify its price, Mr. Milunovich said.

The New York Times

A recent cost-cutting program, he added, should increase profit margins.

The New York Times

Economic growth in the United States helped increase profit at several Berkshire subsidiaries, including Acme Brick.

The New York Times

It also aims to increase profit margins to between16%-18%-18% 2013.

The Guardian - Business

Democrats suspect oil companies are seizing an opportunity to increase profit margins.

The New York Times

BSN will make Owens-Illinois the world leader in its industry and increase profit.

The New York Times

The homes often cut expenses and staff, sometimes below minimum legal requirements, to increase profit.

The New York Times

Expert writing Tips

Best practice

When using "increase profit", ensure you clarify the methods or strategies employed to achieve this increase for better context and clarity. For example: "We aim to increase profit by streamlining operations and reducing overhead costs."

Common error

Avoid solely focusing on immediate strategies to "increase profit" without considering long-term sustainability or ethical implications. A balanced approach is crucial.

Linguistic Context

The phrase "increase profit" functions primarily as a verb phrase acting as the main objective or goal in a sentence. Ludwig AI demonstrates its usage across a wide array of contexts, emphasizing its role as a key performance indicator (KPI) in business and economics.

Expression frequency: Very common

Frequent in

News & Media

62%

Science

31%

Formal & Business

7%

Less common in

Academia

0%

Encyclopedias

0%

Wiki

0%

Ludwig's WRAP-UP

In summary, the phrase "increase profit" is a commonly used and grammatically correct expression that signifies the objective of enhancing financial gains. Ludwig AI confirms that it is found predominantly in News & Media and Science contexts, with a neutral to professional register. Alternative phrases such as "boost earnings" or "enhance profitability" can be used to vary the language. A key best practice is to clarify the methods used to achieve this increase, while avoiding an overemphasis on short-term strategies at the expense of ethical considerations and long-term sustainability.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

boost earnings

Replaces "increase" with "boost" and "profit" with "earnings", focusing on the outcome of financial gain.

enhance profitability

Uses "enhance" instead of "increase" and transforms "profit" into the noun "profitability", emphasizing the state of being profitable.

drive up profits

Emphasizes the action of actively causing profits to rise.

improve financial performance

Substitutes "increase profit" with a broader term focusing on overall financial improvement.

augment earnings

Uses "augment" which is a more formal synonym of increase. Earnings is the financial result for a determined period.

lift profits

Uses "lift" as a more informal synonym for increase, suggesting an upward movement of profits.

grow revenue

Focuses on expanding the income generated, which can lead to increased profit.

maximize gains

Highlights the act of achieving the highest possible profit.

expand margins

Focuses on improving the difference between revenue and costs.

generate more income

Shifts the focus to creating a higher level of revenue.

FAQs

How can I rephrase "increase profit" to sound more formal?

For a more formal tone, consider using phrases like "enhance profitability" or "improve financial performance". These options offer a more sophisticated and professional nuance.

What are some strategies to "increase profit" in a business?

Common strategies include reducing costs, increasing sales volume, raising prices (where market conditions allow), improving marketing efforts, and enhancing operational efficiency.

What is the difference between "increase profit" and "grow revenue"?

"Increase profit" refers specifically to boosting the net earnings after all expenses are deducted. "Grow revenue", on the other hand, focuses on increasing the total income generated from sales, without necessarily impacting the bottom line.

What are some ethical considerations when trying to "increase profit"?

Ethical considerations include fair pricing, honest marketing practices, responsible sourcing of materials, and ensuring fair labor conditions. Prioritizing profit at the expense of these values can harm a company's reputation and long-term sustainability.