What is revenue?

3.2 Revenue generated by sales of the product or service

Flashcard
•
Business
•
10th Grade
•
Hard
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7 questions
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1.
FLASHCARD QUESTION
Front
Back
Revenue is any money that a business makes from selling its goods and services.
2.
FLASHCARD QUESTION
Front
What are costs in a business context?
Back
Costs are anything that a business pays for.
3.
FLASHCARD QUESTION
Front
Why do businesses need revenue?
Back
Businesses need revenue to ensure that they can maintain their day-to-day operations and pay any business costs they have.
4.
FLASHCARD QUESTION
Front
Give an example of revenue for a florist shop.
Back
Selling flowers and delivery charges.
5.
FLASHCARD QUESTION
Front
Give examples of revenue for a web designer.
Back
Fee for designing a website and fee for maintaining or updating a website.
6.
FLASHCARD QUESTION
Front
How is revenue calculated?
Back
Revenue is calculated using the formula: Revenue = Selling price × Quantity sold.
7.
FLASHCARD QUESTION
Front
Calculate the revenue if a florist sold 482 bouquets of flowers for £10 each.
Back
The revenue would be £4,820.
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