Eric Asare unit 3 p2
What are all the different names for revenue?
Different names for revenue are:
Income
Sales
Takings
Takeover
Definition of revenue:
The income of a government from taxation, excise duties, customs, or other
sources, appropriated to the payment of the public expenses.
What are the two types of revenue?
There two of revenue non-operating revenue and operating revenue.
Give examples of the two types of revenues and how you can get them.
Non-operating revenue
Revenue is not received from operations, such as manufacturing. Non-operating
income usually does not come on regularly and also it’s examined individually
from operating income.
Operating revenue
The profit made from a business operations this does not include any profit
received from the investments also this effects taxes and interest
Describe where revenue can come from.
Revenue comes from numerous places such as interest from the bank also there
is revenue which comes from income that is gained by governments through
taxation.
Explain how you will get revenue for your business
Get Investors more excited about putting money into the business
Make a revenue forecast which help plan the business fast and help it
grow
looking at market data and taking into account of costs and the risks that
comes with plans
Demonstrate how you will calculate total revenue
P x Q= Revenue
P = price
Q = quantity
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What are all the different names for revenue?
Different names for revenue are:
Income
Sales
Takings
Takeover
Definition of revenue:
The income of a government from taxation, excise duties, customs, or other
sources, appropriated to the payment of the public expenses.
What are the two types of revenue?
There two of revenue non-operating revenue and operating revenue.
Give examples of the two types of revenues and how you can get them.
Non-operating revenue
Revenue is not received from operations, such as manufacturing. Non-operating
income usually does not come on regularly and also it’s examined individually
from operating income.
Operating revenue
The profit made from a business operations this does not include any profit
received from the investments also this effects taxes and interest
Describe where revenue can come from.
Revenue comes from numerous places such as interest from the bank also there
is revenue which comes from income that is gained by governments through
taxation.
Explain how you will get revenue for your business
Get Investors more excited about putting money into the business
Make a revenue forecast which help plan the business fast and help it
grow
looking at market data and taking into account of costs and the risks that
comes with plans
Demonstrate how you will calculate total revenue
P x Q= Revenue
P = price
Q = quantity
1 | Page
