4 ms·
Income is closer to profit than you're thinking. There is gross income, which is roughly sales (revenue) minus the direct costs of those sales. There is net in
by sokoloff 1y ago
Income is closer to profit than you're thinking.
There is gross income, which is roughly sales (revenue) minus the direct costs of those sales. There is net income, which is the money left over after also accounting for other costs, like fixed overheads and marketing.