BUSINESS ADMINISTRATION
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Money a company or an individual can keep, after all expenses have been paid
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The total amount of money a business or individual brings in
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The total amount of a product (good or service) available for purchase at any specified price.
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Total of all the things you own that have a value, or could create money for you in the future
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Detailed explanation-1: -The basic revenue definition is the total amount of money brought in by a company’s operations, measured over a set amount of time. A business’s revenue is its gross income before subtracting any expenses. Profits and total earnings define revenue-it is the financial gain through sales and/or services rendered.
Detailed explanation-2: -Revenue is the total amount of income generated by the sale of goods or services related to the company’s primary operations. Revenue, also known as gross sales, is often referred to as the “top line” because it sits at the top of the income statement. Income, or net income, is a company’s total earnings or profit.
Detailed explanation-3: -Total revenue is the amount of money a company brings in from selling its goods and services. In other words, company’s use this metric to determine how well they’re generating money from their core revenue-driving operations. Marginal revenue directly links to total revenue.
Detailed explanation-4: -Revenue definition says that it is the total amount of money received from carrying out the business operations such as sales. On the income statement, it is also known as sales. It is the top line figure as it is shown first on the income statement of any company.