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WorksheetsLemonade Stand Economics
Total questions: 20
Worksheet time: 15mins
the interaction between the buyer of a product and the company that sells it
customer service
product
inventory
business plan
the interaction between the buyer of a product and the company that sells it (the answer is two words)
(a)
communication with the users of a product or service that is intended to inform or influence people to buy a product or service
customer service
inventory
advertising
sales
communication with the users of a product or service that is intended to inform or influence people to buy a product or service
(a)
the amount for which a thing is sold or can be bought
price
revenue
sales
profit
the amount for which a thing is sold or can be bought
(a)
a good or service a company sells
price
product
profit
advertising
a good or service a company sells
(a)
when expenses are more than revenue
loss
defeat
winning
profit
when expenses are more than revenue
(a)
any resource owned by a business; Inventory is an example of this
advertising
asset
automobile
accounting
the goods and materials a business has on hand for the ultimate goal of resale
inventory
advertising
customer service
liabilities
the goods and materials a business has on hand for the ultimate goal of resale
(a)
how much money a company makes after all expenses have been paid; Gross Sales - Expenses = this
revenue
gross sales
gross
profit
What is another word that means the same thing as profit? (the answer is two words)
(a)
the cost required for something or the money spent on something to operate a business
expense
price
asset
revenue
What is another word for "expense"?
(a)
the total sales made by a company BEFORE subtracting any of the costs to make those sales (check TWO)
Gross Sales
Net Sales
Profit
Revenue
What is another word that means the same thing as Gross Sales?
(a)
any resource owned by a business; Inventory is an example of this
(a)
![QUIZ 2 : TOPIC 10 [ACCOUNTING FOR LIABILITIES]](https://cf.quizizz.com/image/image-loader.svg)
