Which of the following refers to the total amount of money that a retailer brings in? (4.1) Options: Profit, Revenue, Cost of Goods Sold, Operating costs
Business of Retail - Unit 4

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9th - 12th Grade
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1.
FLASHCARD QUESTION
Front
Back
Revenue
2.
FLASHCARD QUESTION
Front
Which of the following refers to the amount of money that a retailer makes after accounting for expenses? (4.1) Options: Profit, Revenue, Cost of Goods Sold, Operation costs
Back
Profit
3.
FLASHCARD QUESTION
Front
Which of the following refers to the difference between revenue and cost of goods sold? (4.1)
Back
Gross profit
4.
FLASHCARD QUESTION
Front
Which of the following refers to the difference between revenue and all expenses, including the cost of goods sold and operating expenses? (4.1)
Back
Net profit
5.
FLASHCARD QUESTION
Front
What's the term for reducing the price of an item in order to encourage sales?
Back
Markdown
6.
FLASHCARD QUESTION
Front
If a business' revenue is $1,150 and its cost of goods sold (COGS) is $734, what is the business' gross profit?
Back
$416
7.
FLASHCARD QUESTION
Front
If a business' gross profit is $100 and its revenue is $500, what is the business' profit margin percentage?
Back
20%
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