1. A financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something. C. Profit D. Sales A. Cost B. Expenses 2. The exchange of a commodity for money; the action of selling something. A. Cost B. Expenses C. Profit D. Sales 3. An amount that has to be paid or spent to buy or obtain something. A. Cost C. Profit B. Expenses D. Sales

Principles Of Marketing
17th Edition
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Kotler, Philip, Armstrong, Gary (gary M.)
Chapter1: Marketing: Creating Customer Value And Engagement
Section: Chapter Questions
Problem 1.1DQ
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Choose the letter of the correct answer with explanation
1. A financial gain, especially the difference between the amount earned
and the amount spent in buying, operating, or producing something.
A. Cost
B. Expenses
C. Profit
D. Sales
2. The exchange of a commodity for money; the action of selling something.
A. Cost
B. Expenses
C. Profit
D. Sales
3. An amount that has to be paid or spent to buy or obtain something.
A. Cost
C. Profit
B. Expenses
D. Sales
4. The difference of Net Sales and Cost, when the Net Sales is less than its
Cost.
C. Profit
D. Salary
A. Break-even
B. Loss
5. Nathaniel bought an aircon for Php35,000 and spent Php1,500 on its
installation. He later sold it for Php37,000. How much is Nathaniel's profit or
loss?
A. Break-even of Php500
B. Loss of Php500
C. Gain of Php500
D. Profit of Php500
Transcribed Image Text:1. A financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something. A. Cost B. Expenses C. Profit D. Sales 2. The exchange of a commodity for money; the action of selling something. A. Cost B. Expenses C. Profit D. Sales 3. An amount that has to be paid or spent to buy or obtain something. A. Cost C. Profit B. Expenses D. Sales 4. The difference of Net Sales and Cost, when the Net Sales is less than its Cost. C. Profit D. Salary A. Break-even B. Loss 5. Nathaniel bought an aircon for Php35,000 and spent Php1,500 on its installation. He later sold it for Php37,000. How much is Nathaniel's profit or loss? A. Break-even of Php500 B. Loss of Php500 C. Gain of Php500 D. Profit of Php500
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