ECONOMICS
DEMAND
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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the price of their goods
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the amount they receive for selling their goods
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the amount og goods they can expect to sell
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the amount of profit they can expect to make
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Detailed explanation-1: -Revenue is the money generated from normal business operations, calculated as the average sales price times the number of units sold. It is the top line (or gross income) figure from which costs are subtracted to determine net income. Revenue is also known as sales on the income statement.
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: -Annual revenue is the amount of money a company makes during a given 12-month period from the sale of products and services. Annual revenue is total sales before any deductions for the cost of the inventory you sold or business expenses.
Detailed explanation-4: -Sales are the proceeds a company generates from selling goods or services to its customers: In accounting terms, sales comprise one component of a company’s revenue figure. On an income statement, sales are typically referred to as gross sales.
Detailed explanation-5: -Total sales revenue, also known as gross sales, is the combined value of goods and services a business delivers to its customers during a specific reporting period.