Forecasting Revenue of the Business

The price at which goods or services are offered by a business to their customers is called

• Selling price

• Cost

• Variable cost

• Currency

A negative difference between the revenues taken in by a business and the costs of operating a business (when a business spends more than it makes) :(

• Profit

• Breakeven

• Loss

• Closed

It refers to the amount added to the cost of a product to determine the selling price

• Revenue

• Cost

• Mark up

• Mark down

A positive difference between the revenues taken in by a business and the costs of operating a business (when a business makes more than it spends). :D

• Loss

• Profit

• Breakeven

• Sales

A single item or good

• Unit

• Revenue

• Cost

• Price

The income (amount of money) a business receives for in exchange for a product or service

• Costs

• Profit

• Loss

• Sales revenue

It is a planning tool that helps entrepreneur copes up with uncertainties in the future operation of the business.

• Revenue

• Selling

• Benchmarking

• Forecasting

The selling price of an item or merchandise is computed by adding cost per unit and __________?

• Revenue

• Mark up

• Discount

• Number of items

Mang Berting is a fruit vendor selling at the local public market. He gets his mangoes from a supplier at 25 pesos per kilo and sells it at 45 per kilo to his customers. How much mark-up was Mang Berting adding to his selling price?

• P25.00

• P30.00

• P15.00

• P20.00

Aling Marta sells bibingka in her neighborhood, every day she can sell 45 pieces of bibingka at 20 pesos each. How much is her daily revenue?

• P450.00

• P800.00

• P900.00

• P1,000.00