finance Flashcards

1
Q

ways to improve revenue

A
  • increase price
  • reduce price
    increase advertising
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2
Q

gross profit

A
  • profit made before expenses

calculation: revenue - cost of goods sold

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3
Q

gross profit margin

A
  • gross profit expressed as a percentage

calculation: gross profit/sales x 100

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4
Q

net profit

A
  • final profit after costs have been paid

calculation: gross profit - expenses

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