Which term is used to describe money earned from selling goods or services?

Which term is used to describe money earned from selling goods or services?

• A. Profit
• B. Sales Revenue
• C. Total Costs
• D. Brand

Answer: (B)

Money earned from selling goods or services is called Sales Revenue. It’s the total income a business gets from its sales, before any costs are deducted. This is different from profit, which is what’s left after subtracting costs from revenue. Total costs are the expenses the business incurs, like materials, wages, and rent. Brand isn’t income at all; it’s the business’s identity and reputation, an intangible asset. For example, if a shop sells goods worth 400 in a day, that 400 is its sales revenue; if its costs for the day total 250, the profit is 150.

Money earned from selling goods or services is called Sales Revenue. It’s the total income a business gets from its sales, before any costs are deducted. This is different from profit, which is what’s left after subtracting costs from revenue. Total costs are the expenses the business incurs, like materials, wages, and rent. Brand isn’t income at all; it’s the business’s identity and reputation, an intangible asset. For example, if a shop sells goods worth 400 in a day, that 400 is its sales revenue; if its costs for the day total 250, the profit is 150.