Which Term Refers to the Difference Between a Firm's Revenues

question 31

Multiple Choice

Which term refers to the difference between a firm's revenues and its reported costs of production?

• A) dividend
• B) pure profit
• C) economic profit
• D) accounting profit

---

Definitions:

Logistics

The detailed organization and implementation of a complex operation, often related to the transportation and storage of goods.

Marketing Channel

A systems of intermediaries that helps to deliver a product from the producer to the consumer.

Logistics

The comprehensive coordination of complex operations involved in the movement, storage, and processing of goods and materials from origin to consumption.

Logistics

The detailed coordination of a complex operation involving many people, facilities, or supplies, in the movement of products or materials.