For many businesses, a major source of ________ comes from the sale of merchandise and productsa.ROIb.revenuec.goodwilld.profit

The primary source of revenue for a wholesaler is

According to International Accounting Standards “revenue is the gross inflow ofeconomic benefits during the period arising in the course of the ordinary activities”(IAS 18). Describe the main source of revenue for a trading goods business with anexample.

Extra or additional revenue associated with the production of an additional unit of output is the _______ revenue.Multiple choice question.marketexcessmarginalaverage

…………………………………. originated through direct production. Trade originated due to…………………………………(b) Commerce is the combination of ………………………………… and …………………………….17. (a) Business organizations face ……………………………. to earn profit and it is called as…………………………………(b) ………………………………. developed due to ………………………….. occurred in 18th century.18. (a) The business environment which can be controlled by business is called as …………………………….and the business environment which affects the cost of a business is called as…………………………………(b) Wastes generated in ………………………… and in ………………………. are a great globalchallenge at present.19. (a) The intervention of government on businesses takes place through central, ……………………………..and ………………………………. levels of government.(b) …………………………………. means the equal distribution of gross production of the country amongthe total population of the country. Further, ………………………… stabiluty occurs by controllinginflation in the economy

Excess of sales over cost of goods sold.Select one:a.T-accountb.Prime Costsc.Conversion Costsd.Gross profit