Other questions in this quiz

2. What is revenue sometimes called?

  • Turnover.
  • Overheads.
  • Price.

3. How do you calculate profit?

  • Subtracting total revenue from total costs.
  • Subtracting total costs from total revenue.
  • Multiplying the quantity sold by price.

4. If a company reduces a product's price, what does this mean for their revenue?

  • There will be an increase in revenue
  • There could be an increase or decrease in revenue.
  • There will be a decrease in revenue.

5. How do you calculate total revenue?

  • Quantity sold x Average price.
  • Quantity sold x Average cost.
  • Quantity sold x Average profit.


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