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Match the Term with Its Definition

question 123

Essay

Match the term with its definition.
a.Cost of goods sold
b.Gross profit
c.Long-term notes
d.Net profits
e.Operating profits
f.Profit margins
g.Profits before taxes
h.Total asset turnover
-Earnings after operating expenses and interest expenses but before taxes


Definitions:

Advertising

A marketing communication that employs an openly sponsored, non-personal message to promote or sell a product, service, or idea.

Marginal Revenue

The rise in income generated by the sale of an extra unit of a product or service.

Total Revenue

The total income generated by a firm from selling its goods or services before any costs or expenses are deducted.

Output

The total amount of goods or services produced by a firm, industry, or economy over a specific period.

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