INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Business
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Profit
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Revenue
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Calculated Risk
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Detailed explanation-1: -The money that is brought by the business activities of a company is known as revenue. Depending on the methods employed by the company, revenue could be calculated in different ways. The sales of goods and services made on credit to the customer will be included in accrual accounting.
Detailed explanation-2: -Revenue is money brought into a company by its business activities. There are different ways to calculate revenue, depending on the accounting method employed. Accrual accounting will include sales made on credit as revenue for goods or services delivered to the customer.
Detailed explanation-3: -Revenue is most simply calculated as the number of units sold multiplied by the selling price. Because revenues do not account for costs or expenses, a company’s profits, or bottom line, will be lower than its revenue.
Detailed explanation-4: -Revenue (also called the top line) is the amount of money a business generates from its core business operations.