What is net change?

Net change refers to the difference between two values over a specific period of time. It can be calculated for various variables or metrics, such as sales, revenue, profits, value of an investment, or even temperature.

For example, if a company's sales increased by $100,000 in a month, the net change in sales for that period would be $100,000. On the other hand, if a company's expenses increased by $50,000 in a quarter, the net change in expenses for that period would be $50,000.

Net change is a useful metric for tracking and evaluating performance, as it provides a clear indication of how much a particular variable has changed over time. It can help in making informed decisions, setting goals, and assessing the effectiveness of strategies and initiatives.