Sales Revenue - the money a business earns from selling its products and services., cost of sales - how much the business spent on buying and/or producing the goods that it has sold., expenses - other items that the business has to pay for that are not directly linked to the production of goods e.g. rent, wages, insurance, electricity, advertising., gross profit - the profit made on buying/making and selling the product. , profit for the year - the profit made after taking away expenses from gross profit.,

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