The amount of money that an entrepreneur earns when total costs are subtracted from total sales is called .....

DEFINITION OF ENTREPRENEURSHIP

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

The amount of money that an entrepreneur earns when total costs are subtracted from total sales is called ____

A	salary
B	overhead
C	contribution margin
D	profit

Explanation:

Detailed explanation-1: -Gross profit is the money your business holds after deducting the cost of making and selling your product. Formula: Gross profit = Total revenue-Costs of goods sold.

Detailed explanation-2: -The payment to entrepreneurship is profit.

Detailed explanation-3: -An Entrepreneur is an innovator who brings in new ideas to create a successful business venture.

Detailed explanation-4: -An entrepreneur is an individual who starts and runs a business with limited resources and planning, and is responsible for all the risks and rewards of their business venture. The business idea usually encompasses a new product or service rather than an existing business model.

Detailed explanation-5: -What is the salary of a Entrepreneur in India? Average salary for a Entrepreneur in India is 6.1 Lakhs per year (₹50.8k per month). Salary estimates are based on 1269 latest salaries received from various Entrepreneurs across industries.

There is 1 question to complete.

INTRODUCTION TO ENTREPRENEURSHIP

DEFINITION OF ENTREPRENEURSHIP