The Difference Between Revenue and Variable Cost Is Called

question 24

Multiple Choice

The difference between revenue and variable cost is called:

• A) total contribution.
• B) net profit.
• C) EBIT.
• D) EAT.

Recognize ethical considerations in sales and strategies for promoting ethical behavior.

Understand the importance of comprehensive training and its different forms for sales effectiveness.

Understand the importance and functions of nonfinancial rewards in sales management.

Identify and explain the steps of the personal selling process.

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Definitions:

Inventories

The complete list of items such as property, goods in stock, or the contents of a building, often held for sale in the regular course of a business.

Profit After Tax

The net income remaining after all taxes have been deducted from total revenue.

Unrealised Profit

Profit that has been made on paper through an investment but has not yet been cashed in by selling the asset.

Upstream

In a supply chain context, refers to processes or activities that occur at the beginning of the production process or closer to the raw materials stage.