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Marketing and Sales - Madame Tussauds

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Matching exercise<br />

Running costs Start-up costs Turnover<br />

Definition<br />

Gross profit Net profit<br />

The difference between total revenue from sales<br />

<strong>and</strong> the total cost of purchases or materials.<br />

These are costs that are paid by the business at<br />

the beginning to start up the business.<br />

The amount of business done by a company<br />

during a specified period.<br />

These are costs that are paid by the business for<br />

the day to day running of the business.<br />

The exchange of goods or services for an agreed<br />

sum of money.<br />

Gross profit minus all operating expenses such<br />

as wages <strong>and</strong> overheads.<br />

<strong>Sales</strong><br />

What am I

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