Sales Revenue Less Cost of Goods Sold Is Called

question 121

Multiple Choice

Sales revenue less cost of goods sold is called:

• A)gross profit.
• B)net income.
• C)net profit.
• D)net sales.

Recognize the relevance and application of Mintzberg's managerial roles in conducting business operations efficiently.

Comprehend the stages of business growth and factors leading to business success.

Understand the concept of price elasticity and inelasticity and factors influencing them.

Recognize the components of the marketing mix and their flexibility.

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Definitions:

Total Sales Revenues

The total income received by a company from its sales of goods or services, before any expenses are subtracted.

Total Costs

The complete sum of expenses incurred by a company in producing goods or services, including fixed, variable, and semi-variable costs.

Margin Of Safety

The difference between actual or expected sales and the breakeven sales, indicating how much sales can decrease before a company incurs a loss.

Volume Of Sales

The total number of goods or services sold within a specific time frame, measuring the output of a business' activities.