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\nFinancial Basics for Business: Understanding Revenue, Costs, and Profits\n

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\nThe video explains the financial basics of any business by introducing three key terms: revenue, costs, and profit. The presenter defines each term and explains how they relate to each other in the context of a company's financial...\nThe video explains the financial basics of any business by introducing three key terms: revenue, costs, and profit. The presenter defines each term and explains how they relate to each other in the context of a company's financial accounts. The video also covers the strategies that a business can use to influence sales revenue, as well as the classification of costs into fixed and variable categories. Lastly, the video shows how to calculate the profit of a business by subtracting the total costs from the revenue.\n
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Resource Details

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Curator Rating
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Educator Rating
Not yet Rated
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Media Length
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5:37
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Grade
Higher Ed
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Subjects
Social Studies & History
3 more...
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Media Type
Instructional Videos
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Source:
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\nKnowMo Business\n\n
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Date
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2018
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Language
English
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Audiences
For Teacher Use
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Usage Permissions
Fine Print: Educational Use
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Additional Materials

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\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" href=\"/subscription/new\">Video Transcript\n
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\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" href=\"/subscription/new\">Video Preview\n
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Concepts

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business, revenue, profits, variable costs, products, profit, time
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Additional Tags

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a-level, snapshots, slide, 23, costs, and, recap slide, bottom line, total cost, higher margin, fixed costs, business generates, business incurs, sales revenue, units sold, selling price, business makes, service, price, calculating, number, market, product, multiply, unit, increase, vary, output
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Classroom Considerations

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Best For: Explaining a topic
Video is ad-free
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Educator Ratings

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\n\nShow resource details\n
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\n\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" aria-label=\"Play video: Financial Basics for Business: Understanding Revenue, Costs, and Profits\" href=\"/subscription/new\">\"Financial\n\n
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