Which term describes the total income from sales before any costs are deducted?

Prepare for the WJEC GCSE Business Studies exam. Sharpen your skills with flashcards and multiple-choice questions, each offering hints and detailed explanations. Get exam-ready now!

Multiple Choice

Which term describes the total income from sales before any costs are deducted?

Explanation:
Top-line income from selling goods or services is the amount coming in from customers before any costs are taken out. This is called sales revenue, also known as turnover. It shows how much money the business has brought in from its core activities, regardless of expenses. Profit is what remains after subtracting costs such as materials, wages, and overheads. Brand and USP relate to the business’s identity and its distinctive offer, not to income. So the term that describes total income from sales before costs are deducted is sales revenue.

Top-line income from selling goods or services is the amount coming in from customers before any costs are taken out. This is called sales revenue, also known as turnover. It shows how much money the business has brought in from its core activities, regardless of expenses. Profit is what remains after subtracting costs such as materials, wages, and overheads. Brand and USP relate to the business’s identity and its distinctive offer, not to income. So the term that describes total income from sales before costs are deducted is sales revenue.

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