The Difference Between the Value That an Activity Generates and the Cost

question 74

Multiple Choice

The difference between the value that an activity generates and the cost of the activity is called the ________.

• A) margin
• B) turnover
• C) revenue
• D) value-addition

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Definitions:

Fourth Unit

Referring to a specific, individual measure or item in a sequence, often used to highlight a particular point in quantitative analysis.

Unit of X

A standard measure or quantity of something, used as a means of expressing or describing the amount.

Increase in Price

A situation where the cost of goods or services rises, affecting the supply and demand equilibrium.

Decrease in Price

A reduction in the amount of money required to purchase a good or service.