Word: Gross Sales
Definition:
Gross sales refer to the total income a business makes from selling goods and services before any deductions are made. This includes all sales transactions at their full invoice value, meaning the price before any discounts, returns, or allowances.
Usage Instructions:
You can use "gross sales" when discussing finances, marketing, or business performance. It is a common term in accounting and business reports.
Example Sentence:
"The company's gross sales for the last quarter were significantly higher than expected, reaching $500,000."
Advanced Usage:
In more advanced discussions, "gross sales" can be compared with "net sales." While gross sales refer to the total amount before deductions, net sales are what remains after subtracting returns, discounts, and allowances.
Word Variants:
- Net Sales: Total sales after deductions. - Sales Revenue: Another term for income from sales, often used interchangeably with gross sales.
Different Meanings:
In a broader context, "gross" can refer to something that is large or unattractive. For example, "gross behavior" might refer to actions that are unpleasant or distasteful.
Synonyms:
- Total sales - Sales volume - Revenue (though this can also include other income sources, not just from sales)
Idioms and Phrasal Verbs:
While "gross sales" does not have idioms or phrasal verbs directly associated with it, you might encounter phrases like: - "Bring in gross sales" – meaning to generate total sales. - "Boost gross sales" – meaning to increase total sales figures.