Economics B A-Level
Revenue and costs
What Revenue and costs means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Revenue and costs
Check what you remember
Read the wording for your board, then hide it and explain Revenue and costs in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: Pearson Edexcel
The revenues, costs and expenses summarised over a specific period, with revenue transformed into net income by sequential deductions.
Topics that use Revenue and costs
- Profit and loss (Pearson Edexcel A-Level)
Related terms
- Financial performance
- Gross profit margin
- Market entry
- Market exit
- Operating profit
- Operating profit margin
- Profit for the year margin
- Profitability
Using Revenue and costs in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
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