________ expenses result from activities related to selling goods or services.
A) Gross
B) Revenue
C) Sales and marketing
D) Income

Question

Quizplus · Accepted Answer

Sales and marketing expenses are incurred for promoting and selling goods or services. These expenses include advertising, sales promotion, sales commissions, salaries and wages of sales staff, and other related costs. These expenses are deducted from the revenue generated from the sales of goods or services to determine the net income. Gross expenses (A) refer to the total expenses incurred by a business without deducting any expenses, while revenue (B) is the total amount of money earned from the sale of goods or services. Income (D) refers to the profit earned by a business after deducting all expenses from the revenue.

________ Expenses Result from Activities Related to Selling Goods or Services