Question

1. the money gained by selling a good or service is called ______.

○ margin
○ cost
○ profit
○ revenue

Explanation:

• Margin refers to the difference between cost and selling price, often expressed as a percentage.
• Cost is the amount spent to produce/acquire a good/service.
• Profit is revenue minus all associated costs.
• Revenue is the total money received from selling goods or services, which matches the definition in the question.

Answer:

D. revenue