ENTREPRENEURIAL PLANNING
BUSINESS PLAN DEVELOPMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
The money the business makes after total costs are deducted
|
|
|
The money the business makes after variable costs are deducted
|
|
|
The money the business makes from selling its goods or services
|
|
|
The money the business makes after fixed costs are deducted
|
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, also called income, is the amount of money brought into the company, typically by selling goods, products, or services.
Detailed explanation-3: -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-4: -Revenue is income earned by an individual or a business from the sale of any products or services offered. Expenses are deducted from a company’s revenue to calculate its profit on an income statement . Revenue is often referred to as the “top line, ‘’ as it sits at the top of a company’s income statement.