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3.3 Profit/loss - Match-up

Match-up definitions and answers with key terms and examples. Press submit to check your answers.

Profit
Loss
Revenue
Profit per unit
Total costs
Selling price per unit
Output


Answers
The full amount an enterprise spends on making and selling its products, covering both fixed and variable expenses.
The amount left from one item after the costs of making and selling it are taken away.
Arises when the money spent running an enterprise is greater than the income from its sales.
The money that an enterprise receives from selling its goods or services to customers.
The number of units an enterprise makes or sells to customers in a given period of time.
The amount of money a customer is charged for a single product or service.
The money left when the costs of running an enterprise are taken from the income from sales.
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