2.2.2 SALES, REVENUE AND PROFIT Flashcards
1
Q
what is sales volume
A
the amount of goods or services sold by a business within a specific period
2
Q
how to calculate sales volume
A
sales revenue / price
3
Q
how to calculate sales revenue
A
price x quantity sold
4
Q
what are semi-variable costs
A
costs that don’t fit neatly into either fixed or variable bracket
5
Q
how to calculate average cost per unit
A
total cost / output
