Question

(a) Distinguish between revenue and costs of production.

(b) Examine how business functions operate in an organization such as a school.​

Answer 1

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(a) Revenue is the total amount of money received by the company for goods sold or services provided during a certain time period.

Cost of Goods Sold are the direct costs attributable to the production of the goods sold by a company...

(b) The business functions that operate in organization are used in schools for promoting the school. The various functions of business starting from location of the place, identifying the human resources, accounts and finance departments involved in the finances and marketing and promoting and marketing the school.....

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