Question

GoVenture CEO Home Competency Quiz Comp Quiz - S2 Smartphone -Summer 2019 | # 7139311 - Smartphone S2 TEAM GRADED (Summe 2019) | jennifer vega Budgeting, Revenue, Profit Progress: Question 6 of 87 What is Profit? The difference between the amount of revenue generated and the expenses paid. Retail Selling Priçe minus Cash Flow The difference between the Retail Selling Price and Brand Equity Submit Answers MacBook DII F7 FB F6 F3 F4 FS % 7 4 6 LC

Answer 1

What is Profit?

Correct answer is "The difference between the amount of revenue generated and the expense paid".

Profit is the revenue remaining after all costs are paid. Profit is a financial benefit that is realized when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.

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