The difference between the revenue that a company brings in from selling goods and services and the cost of generating this revenue is called _____.
A) gross margin
B) accounts receivable
C) cost of goods sold
D) profit

Question

Quizplus · Accepted Answer

Profit is the difference between the revenue generated from selling goods and services and the costs incurred in generating that revenue.

The Difference Between the Revenue That a Company Brings in from Selling