Question

when the revenue for a business is less than its costs, it is making a profit

Answer 1

NO, if reveneu is less then cost then company is in loss as following forumula: Net profit (loss) = Revenue - Cost

Answer 2

Answer:

False

Explanation:

Is exactly the opposite. The necessary condition for profit making is having a revenue higher than costs. Accordingly to the following equation:

Profit = revenue - costs, where revenue > costs. If cost is greater than revenue , the bussines is losing money