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When negotiating for the purchase of income producing property be sure to inquire about the seller s definition of revenue rather than make the assumption that the seller is using the correct terminology to describe figures supplied to you.
What is revenue business definition. Revenue also called a sale is an increase in equity related to the sale of a product or service that earned income. Revenue is an amount of income that a business receives during a fiscal year. Revenue is a very prominent aspect of any business as it helps a business thrive in challenging times. There are many different types of revenues including product sales consulting fees and other services rent and even.
In a business model there are two types of revenue. The total rent sales or earnings of a company.
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