Understanding metrics :The measures that improve results
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What is the difference between revenue and profit
Words can be deceptive sometimes. Always exercise caution in terms of choosing your words. If you are careless with your words, your ideas and perceptions, thoughts and opinions, beliefs and judgements are bound to be misconstrued. That is unacceptable, don’t you think so?
In fields like business, economics and finance, a person needs to be well-versed in the terminology associated with these fields. A misconception about words might lead to disastrous consequences in matters such as accounting, finance and business. A little knowledge is indeed a dangerous thing!
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So, we have now learnt how ‘revenue’ and ‘profit’ differ from one another. So, let’s not use them as interchangeable terms anymore! But, one thing must be kept in mind before we conclude: no matter how much revenue a company earns ultimately, it’s the “bottom line” which rules the roost.
Citations :
Skillioma (December 5, 2021) What is the difference between revenue and profit. Retrieved from https://www.skillioma.com/what-is-the-difference-between-revenue-and-profit/.
"What is the difference between revenue and profit." Skillioma - December 5, 2021, https://www.skillioma.com/what-is-the-difference-between-revenue-and-profit/
"What is the difference between revenue and profit." Skillioma - Accessed December 5, 2021. https://www.skillioma.com/what-is-the-difference-between-revenue-and-profit/
Skillioma November 10, 2021 What is the difference between revenue and profit., viewed December 5, 2021,<https://www.skillioma.com/what-is-the-difference-between-revenue-and-profit/>
Skillioma - What is the difference between revenue and profit. [Internet]. [Accessed December 5, 2021]. Available from: https://www.skillioma.com/what-is-the-difference-between-revenue-and-profit/
"What is the difference between revenue and profit." Skillioma [Online]. Available: https://www.skillioma.com/what-is-the-difference-between-revenue-and-profit/. [Accessed: December 5, 2021]
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