What is defined as income a company receives from the sale of goods or services?

The term that is defined as income a company receives from the sale of goods or services is revenue. Revenue represents the total amount generated from sales activities before any expenses are deducted. It is a crucial indicator of a company's financial performance and is often referred to as the "top line" figure on an income statement. Without revenue, a company cannot cover its costs, invest in growth, or generate profit.

In contrast, profit refers to the net income after all expenses, taxes, and costs are deducted from revenue, highlighting the company's profitability over a specific period. Margin generally refers to the difference between sales and the costs associated with goods sold, providing insight into how well a company is managing its production costs relative to its sales price. Income can be considered a broader term that includes not just revenue from sales but also other income sources, meaning it doesn't specifically refer to revenue derived from sales alone. Thus, revenue is the most precise term to describe the income generated from the sale of goods or services.