The costs of doing business through the sale of goods and services are called

Question

Quizplus · Accepted Answer

Expenses refer to the costs incurred while conducting business operations, including costs associated with the sale of goods or services. Net income refers to the profit earned after all expenses have been deducted from revenues. Revenues refer to the income earned from the sale of goods or services. Dividends are payments made to shareholders as a distribution of profits.

The Costs of Doing Business Through the Sale of Goods