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The total amount of money a business takes in during a given period by selling goods and services

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The total amount of money a business takes in during a given period by selling goods and services

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The total amount of money a business takes in during a given period by selling goods and services

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Is the total amount of money a business takes in during a given period by selling goods and services?

Cards
Term Define Business
Definition Any activity that seeks to provide goods and services to others while operating at a profit
Term Define Revenue
Definition The total amount of money a business takes in during a given period by selling goods and services.
Intro to Business Chapter 1 Flashcardswww.flashcardmachine.com โ€บ intro-tobusinesschapter1null

What is the money a company earns from providing services or selling goods to customers?

Revenue is the money a company earns from the sale of its products and services.

When running a business the revenue is the amount of money earned above and beyond what it spends for its expenses?

Revenue is the amount a business earns above and beyond what it spends for expenses and costs. Profit is the amount of money a business earns above and beyond what it spends for salaries and other expenses. Since all businesses make a profit, starting a business is not risky.

What is the amount of goods and services people can buy with the money they have?

Unit 1: Chapters 1-4.