finance Flashcards
1
Q
ways to improve revenue
A
- increase price
- reduce price
increase advertising
2
Q
gross profit
A
- profit made before expenses
calculation: revenue - cost of goods sold
3
Q
gross profit margin
A
- gross profit expressed as a percentage
calculation: gross profit/sales x 100
4
Q
net profit
A
- final profit after costs have been paid
calculation: gross profit - expenses
