Profit And Loss Flashcards
1
Q
Profit
A
When revenue is more than expenditure .
Sales revenue - total cost
2
Q
Loss
A
When expenditure is more than revenue
3
Q
Sales revenue
A
The amount of money earned by a business over a period of time .
Quantity x price
4
Q
Increase revenue
A
- sell more products
- sell at higher price
- advertisement
5
Q
Decrease cost / expenditure
A
- cheaper materials
- cheaper supplier
- reduce overheads
6
Q
Increase profit
A
- cheaper supplier
- sell more products
- cheaper materials
- advertisement
