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\nCalculating Revenue, Costs, and Profits for Business\n

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\nIn this video lecture, the three most important financial terms in relation to a business are explained, revenue, cost, and profits. The importance of financial management for a business is emphasized as it keeps the company alive and...\nIn this video lecture, the three most important financial terms in relation to a business are explained, revenue, cost, and profits. The importance of financial management for a business is emphasized as it keeps the company alive and necessary for future growth plans. The lecture breaks down how businesses generate revenue, incur costs, and turn over a profit. The calculation of revenue, fixed and variable costs, and profit are explained through simple examples. The video also touches on how some business models are more profitable than others, and how to influence profits by minimizing costs and maximizing 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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15:33
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Grade
12th - Higher Ed
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Subjects
Social Studies & History
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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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\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" href=\"/subscription/new\">Video Transcript\n
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Concepts

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business, revenue, profits, cost, terms, products
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Additional Tags

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gcse, theme, module, 1.3.2, costs, and, total cost, variable cost, lecture presentation, greatest impact, relative terms, total amount, average price, costs fall, total revenue, revenue streams, revenue rises, fixed costs, sales revenue, interest rate, business models, profit figure, business costs, amount, high, price, businesses, formula, product, calculate
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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\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" aria-label=\"Play video: Calculating Revenue, Costs, and Profits for Business\" href=\"/subscription/new\">\"Calculating\n\n
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