Asked by
Briana Edwards
on Dec 09, 2024Verified
Small businesses can easily fall into the mindset of being concerned about ______ now, and working on improving ______ later.
A) expenses; income
B) sales; profit margins
C) sales; expenses
D) profit margins; sales
Profit Margins
A financial metric that indicates the percentage of revenue that remains as profit after accounting for costs and expenses.
Sales
The exchange of goods or services for money, constituting a basic activity and measure of success for most businesses.
Expenses
Costs incurred by a business or individual in the process of earning revenue.
- Recognize and elucidate the principles of fixed and variable expenses, and their influence on pricing strategies and profitability.
Verified Answer
WB
Learning Objectives
- Recognize and elucidate the principles of fixed and variable expenses, and their influence on pricing strategies and profitability.