ENTREPRENEURIAL MARKETING
MARKETING MIX
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What the retailer gets after the cost of a product is subtracted from the sales price.
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Cost
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Mark-up
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Profit
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Price
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Explanation:
Detailed explanation-1: -Net income is also called net profit since it represents the net profit remaining after all expenses and costs are subtracted from revenue.
Detailed explanation-2: -What is gross profit? Also referred to as net income, gross profit measures a company’s dollar amount profits after deducting its production costs. In other words, gross profit equals a business’s total sales revenue minus its costs of production, commonly known as cost of goods sold (COGS).
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