Revenue, costs and profit

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What is renvenue?
Income earned over a period of ti9me
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What's the equation for revenue?
Revenue = price x quantity
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What are costs?
the expenses involved in making a product.
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How do you calculate profit?
Profit = revenue - costs
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What can turn losses in to profit?
Cutting costs, increasing revenue
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Other cards in this set

Card 2

Front

What's the equation for revenue?

Back

Revenue = price x quantity

Card 3

Front

What are costs?

Back

Preview of the front of card 3

Card 4

Front

How do you calculate profit?

Back

Preview of the front of card 4

Card 5

Front

What can turn losses in to profit?

Back

Preview of the front of card 5

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