Sales Recenue And Profit Flashcards
1
Q
What is sales revenue
A
The money earned by a business over a period of time
2
Q
Formula for sales revenue
A
Quantity X price
3
Q
What is the definition of profit
A
When revenue is more than expenditure
4
Q
What is the definition of loss
A
When expenditure is more than revenue
5
Q
Formula for profit
A
Sales revenue- total cost
6
Q
Increase revenue
A
Sell more products
Higher price
7
Q
Describe expenditure / costs
A
Use cheaper materials
Cheaper supplier
Reduce overheads
8
Q
Increase profit
A
Sell more products
Advertise
Cheaper materials
