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Business
unit 2
sales revenue and costs
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Cards (3)
What is profit?
The
difference
between total
cost
and total
revenue
What is the difference between sales revenue and sales volume?
Sales
revenue
is the
money
into your
business
through
sales
. Sales
volume
is the
quantity
of
products
sold
Why is it important for a business to classify costs?
So that the
owners
know where the
money
is going to make
profit
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